InterContinental Hotels Group (LON:IHG) Hits New 52-Week High – Time to Buy?

InterContinental Hotels Group PLC (LON:IHG) hit a new 52-week high on Wednesday . The stock traded as high as GBX 159.90 and last traded at GBX 159.90, with a volume of 298105 shares changing hands. The stock had previously closed at GBX 158.20.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th. UBS Group reissued a “neutral” rating and issued a GBX 150 price objective on shares of InterContinental Hotels Group in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Price Performance

The company has a quick ratio of 1.35, a current ratio of 0.97 and a debt-to-equity ratio of -181.87. The firm has a market cap of £240.84 million, a P/E ratio of 0.33, a PEG ratio of 1.69 and a beta of 1.03. The business has a fifty day moving average of GBX 144.88 and a 200 day moving average of GBX 2,535.33.

InterContinental Hotels Group Company Profile

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.