InterContinental Hotels Group (LON:IHG) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

InterContinental Hotels Group PLC (LON:IHG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 508.81 and traded as low as GBX 156.50. InterContinental Hotels Group shares last traded at GBX 160.35, with a volume of 368,074 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IHG shares. UBS Group restated a “neutral” rating and set a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Trading Down 1.4%

The company has a quick ratio of 1.34, a current ratio of 0.97 and a debt-to-equity ratio of -181.87. The company’s 50-day moving average is GBX 161.27 and its 200 day moving average is GBX 435.92. The company has a market cap of £232.80 million, a price-to-earnings ratio of 0.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 6,963 open hotels in over 100 countries, and a development pipeline of a further 2,300 properties.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.