InterContinental Hotels Group (LON:IHG) Reaches New 12-Month High – Still a Buy?

InterContinental Hotels Group PLC (LON:IHG) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 167 and last traded at GBX 166.45, with a volume of 366513 shares. The stock had previously closed at GBX 160.40.

Analysts Set New Price Targets

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

InterContinental Hotels Group Stock Up 3.8%

The company has a market cap of £247.18 million, a PE ratio of 0.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a fifty day moving average price of GBX 147.97 and a 200 day moving average price of GBX 2,203.23. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.35.

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.