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

InterContinental Hotels Group PLC (LON:IHG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 8,331.99 ($105.71) and traded as high as GBX 9,976 ($126.57). InterContinental Hotels Group shares last traded at GBX 9,968 ($126.47), with a volume of 274,016 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of 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 assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 5,471 ($69.41).

InterContinental Hotels Group Stock Performance

The stock has a market cap of £15.79 billion, a P/E ratio of 3,378.98, a P/E/G ratio of 1.69 and a beta of 0.98. The stock has a 50-day moving average price of GBX 9,111.12 and a 200-day moving average price of GBX 8,331.99.

Insider Buying and Selling at InterContinental Hotels Group

In related news, insider Daniela Barone Soares sold 328 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.16), for a total transaction of £28,221.12 ($35,804.52). 5.99% of the stock is currently owned by company insiders.

About InterContinental Hotels Group

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.