InterContinental Hotels Group (LON:IHG) Sets New 12-Month High – Should You Buy?

Shares of InterContinental Hotels Group PLC (LON:IHG) reached a new 52-week high on Thursday . The company traded as high as GBX 151.80 and last traded at GBX 148.05, with a volume of 59944387 shares changing hands. The stock had previously closed at GBX 145.85.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IHG. UBS Group reissued a “neutral” rating and set a GBX 150 price objective on shares of InterContinental Hotels Group in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Thursday. Finally, Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Stock Up 1.5%

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 company has a 50-day simple moving average of GBX 136.50 and a two-hundred day simple moving average of GBX 3,908.39. The stock has a market cap of £220.51 million, a P/E ratio of 0.30, a P/E/G ratio of 1.69 and a beta of 1.02.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Nicholas Cadbury bought 700 shares of the firm’s stock in a transaction that occurred 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 currently owned by corporate 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.