InterContinental Hotels Group (LON:IHG) Sets New 12-Month High – Should You Buy?

Shares of InterContinental Hotels Group PLC (LON:IHG) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 151.80 and last traded at GBX 148.05, with a volume of 59944387 shares traded. The stock had previously closed at GBX 145.85.

Analysts Set New Price Targets

IHG has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday. Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 150 price objective on shares of InterContinental Hotels Group in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 7,025.

InterContinental Hotels Group Trading Up 1.5%

The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. The firm has a 50 day simple moving average of GBX 136.50 and a two-hundred day simple moving average of GBX 3,908.39. The firm has a market capitalization of £220.51 million, a P/E ratio of 0.30, a PEG ratio of 1.69 and a beta of 1.02.

Insiders Place Their Bets

In related news, insider Nicholas Cadbury acquired 700 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of £134.34 per share, for a total transaction of £94,038. Company insiders own 2.73% of the company’s stock.

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.