InterContinental Hotels Group (LON:IHG) Hits New 12-Month High – Still a 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 changing hands. The stock had previously closed at GBX 170.31.

Analysts Set New Price Targets

Several research firms have recently commented on IHG. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research note 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 note on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, InterContinental Hotels Group currently has an average rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Price Performance

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 company has a market cap of £254.06 million, a P/E ratio of 0.35, a P/E/G ratio of 1.69 and a beta of 1.04. The firm’s fifty day moving average is GBX 150.78 and its two-hundred day moving average is GBX 1,924.53.

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.