InterContinental Hotels Group (LON:IHG) Share Price Passes Below 200-Day Moving Average – Time to Sell?

InterContinental Hotels Group PLC (LON:IHG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,155.13 and traded as low as GBX 128.95. InterContinental Hotels Group shares last traded at GBX 133.51, with a volume of 81,290,766 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IHG shares. Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, March 30th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 9,350.

InterContinental Hotels Group Stock Performance

The firm has a market capitalization of £211.73 million, a P/E ratio of 0.29, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The company has a current ratio of 0.97, a quick ratio of 1.35 and a debt-to-equity ratio of -181.87. The business’s 50 day simple moving average is GBX 136.31 and its two-hundred day simple moving average is GBX 5,059.61.

Insiders Place Their Bets

In other news, insider Nicholas Cadbury acquired 700 shares of InterContinental Hotels Group stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of £134.34 per share, for a total transaction of £94,038. Corporate insiders own 2.73% of the company’s stock.

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.