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

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. UBS Group reiterated a “neutral” rating and issued a GBX 150 price target on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 7,025.

Get InterContinental Hotels Group alerts:

Read Our Latest Analysis on IHG

InterContinental Hotels Group Stock Up 3.8%

The firm’s 50-day moving average price is GBX 148.64 and its 200 day moving average price is GBX 2,188.99. The firm has a market capitalization of £247.18 million, a price-to-earnings ratio of 0.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.35.

InterContinental Hotels Group Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than InterContinental Hotels Group
• Time to Sell? 3 Winners With Fading Technical Momentum
• Why These 2 Hotel Stocks Are Beating Travel Peers
• This Energy Stock Has Quietly Soared 130% in a Year
• 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups

Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.