InterContinental Hotels Group (LON:IHG) Reaches New 1-Year High – Time to Buy?

InterContinental Hotels Group PLC (LON:IHG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 172.20 and last traded at GBX 171.09, with a volume of 368809 shares traded. The stock had previously closed at GBX 170.31.

Analysts Set New Price Targets

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

InterContinental Hotels Group Stock Up 0.5%

The business has a 50-day moving average of GBX 150.78 and a 200 day moving average of GBX 1,924.53. The company has a market capitalization of £254.06 million, a PE ratio of 0.35, a P/E/G ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.34.

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.