InterContinental Hotels Group (LON:IHG) Stock Passes Above 200 Day Moving Average of $7,962.78

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,962.78 ($102.98) and traded as high as GBX 8,050 ($104.11). InterContinental Hotels Group shares last traded at GBX 7,996 ($103.41), with a volume of 283,913 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 84 ($1.09) target price on shares of InterContinental Hotels Group in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 5,356.80 ($69.28).

InterContinental Hotels Group Trading Down 0.1 %

The firm has a market cap of £12.97 billion, a price-to-earnings ratio of 2,302.02, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97. The company’s 50-day moving average is GBX 8,119.32 and its 200-day moving average is GBX 7,969.02.

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.