InterContinental Hotels Group (LON:IHG) Sets New 52-Week High – Still a Buy?

InterContinental Hotels Group PLC (LON:IHG – Get Free Report)’s stock price 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 traded. The stock had previously closed at GBX 169.70.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IHG. Jefferies Financial Group reissued 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 objective on shares of InterContinental Hotels Group in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 7,025.

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InterContinental Hotels Group Stock Performance

The company’s 50-day moving average price is GBX 153.35 and its two-hundred day moving average price is GBX 1,646.38. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.34 and a current ratio of 0.97. The stock has a market cap of £254.97 million, a PE ratio of 0.35, a PEG ratio of 1.69 and a beta of 1.04.

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.

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