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

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8,455.81 ($105.04) and traded as high as £100 ($124.22). InterContinental Hotels Group shares last traded at GBX 9,820 ($121.99), with a volume of 195,427 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 5,471 ($67.96).

InterContinental Hotels Group Trading Down 2.1 %

The firm has a fifty day simple moving average of GBX 9,330.86 and a 200-day simple moving average of GBX 8,457.64. The stock has a market cap of £15.56 billion, a price-to-earnings ratio of 3,328.81, a P/E/G ratio of 1.69 and a beta of 0.98.

Insider Transactions at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($106.88), for a total value of £28,221.12 ($35,057.29). 5.99% of the stock is owned by corporate insiders.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

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.