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

InterContinental Hotels Group PLC (LON:IHG) hit a new 52-week high on Wednesday . The company traded as high as GBX 174.60 and last traded at GBX 171.70, with a volume of 165178594 shares. The stock had previously closed at GBX 169.70.

Wall Street Analyst Weigh In

IHG has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating and set a GBX 150 price target on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating on shares of InterContinental Hotels Group in a research note on Friday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Stock Performance

The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.34. The company has a 50 day simple moving average of GBX 154.62 and a 200-day simple moving average of GBX 1,507.87. The firm has a market cap of £254.75 million, a PE ratio of 0.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04.

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.