InterContinental Hotels Group PLC (LON:IHG – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 5,471 ($67.96).
Read Our Latest Research Report on InterContinental Hotels Group
InterContinental Hotels Group Stock Down 2.1 %
Insider Activity
In other news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($106.88), for a total transaction of £28,221.12 ($35,057.29). Insiders own 5.99% of the company’s stock.
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.
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