InterContinental Hotels Group (LON:IHG) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

InterContinental Hotels Group PLC (LON:IHG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 8,790.85 ($109.90) and traded as high as £106.75 ($133.45). InterContinental Hotels Group shares last traded at £106.10 ($132.64), with a volume of 274,519 shares trading hands.

InterContinental Hotels Group Trading Up 0.2 %

The firm’s 50 day moving average price is GBX 9,923.95 and its 200-day moving average price is GBX 8,790.85. The company has a market cap of £16.86 billion, a P/E ratio of 3,605.08, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

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.