InterContinental Hotels Group (LON:IHG) Sets New 12-Month High – Here’s Why

InterContinental Hotels Group PLC (LON:IHG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 151.90 and last traded at GBX 150.60, with a volume of 209130 shares traded. The stock had previously closed at GBX 150.40.

Analysts Set New Price Targets

A number of research firms recently commented on IHG. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and issued a GBX 150 target price on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Stock Down 2.1%

The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. The company has a market cap of £226.31 million, a PE ratio of 0.31, a PEG ratio of 1.69 and a beta of 1.03. The firm has a fifty day simple moving average of GBX 139.92 and a 200 day simple moving average of GBX 3,205.69.

Insider Buying and Selling

In other InterContinental Hotels Group news, insider Nicholas Cadbury purchased 700 shares of the stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of £134.34 per share, for a total transaction of £94,038. 2.73% of the stock is owned by company insiders.

About InterContinental Hotels Group

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.