InterContinental Hotels Group (LON:IHG) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,980.72 ($103.50) and traded as high as GBX 8,584 ($111.32). InterContinental Hotels Group shares last traded at GBX 8,576 ($111.22), with a volume of 264,214 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 8,300 ($107.64) price target on shares of InterContinental Hotels Group in a report on Thursday, August 1st. The Goldman Sachs Group raised InterContinental Hotels Group to a "buy" rating in a research report on Wednesday, September 18th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 7,400 ($95.97) price target on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 5,471 ($70.95).

InterContinental Hotels Group Trading Down 0.3 %

The stock has a 50-day moving average of GBX 8,071.63 and a two-hundred day moving average of GBX 7,980.72. The firm has a market cap of £13.55 billion, a price-to-earnings ratio of 2,896.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

InterContinental Hotels Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th were paid a $0.53 dividend. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 0.57%. InterContinental Hotels Group's payout ratio is presently 4,237.29%.

Insider Buying and Selling at InterContinental Hotels Group

In other news, insider Daniela Barone Soares sold 328 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($111.58), for a total transaction of £28,221.12 ($36,598.52). In related news, insider Ron Kalifa acquired 679 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of GBX 7,624 ($98.87) per share, with a total value of £51,766.96 ($67,133.91). Also, insider Daniela Barone Soares sold 328 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($111.58), for a total value of £28,221.12 ($36,598.52). Insiders own 5.99% of the company's stock.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.