InterContinental Hotels Group (LON:IHG) Shares Pass Above 200-Day Moving Average of $7,831.80

InterContinental Hotels Group PLC (LON:IHG) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 7,831.80 ($99.06) and traded as high as GBX 8,392 ($106.15). InterContinental Hotels Group shares last traded at GBX 8,190 ($103.59), with a volume of 397,447 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 84 ($1.06) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold” and an average price target of GBX 5,362.33 ($67.83).

InterContinental Hotels Group Stock Performance

The stock has a 50 day moving average of GBX 8,001.88 and a two-hundred day moving average of GBX 7,842.17. The firm has a market capitalization of £13.35 billion, a P/E ratio of 2,368.88, a P/E/G ratio of 1.76 and a beta of 0.97.

InterContinental Hotels Group Company Profile

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.