InterContinental Hotels Group (LON:IHG) Hits New 12-Month High – Here’s What Happened

InterContinental Hotels Group PLC (LON:IHG) reached 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. The stock had previously closed at GBX 158.20.

Wall Street Analyst Weigh In

IHG has been the subject of several recent analyst reports. UBS Group restated 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 restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Stock Up 1.1%

The firm has a market capitalization of £238.16 million, a price-to-earnings ratio of 0.33, a P/E/G ratio of 1.69 and a beta of 1.03. The stock has a fifty day moving average of GBX 143.18 and a two-hundred day moving average of GBX 2,739.94. 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.