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

InterContinental Hotels Group PLC (LON:IHG)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 159.90 and last traded at GBX 159.90, with a volume of 298105 shares trading hands. The stock had previously closed at GBX 158.20.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and issued a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Trading Up 1.1%

The company has a quick ratio of 1.35, a current ratio of 0.97 and a debt-to-equity ratio of -181.87. The firm has a market capitalization of £238.16 million, a P/E ratio of 0.33, a PEG ratio of 1.69 and a beta of 1.03. The firm has a 50 day moving average of GBX 143.18 and a 200-day moving average of GBX 2,739.94.

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.