InterContinental Hotels Group (LON:IHG) Hits New 12-Month High – Time to Buy?

InterContinental Hotels Group PLC (LON:IHG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 151.90 and last traded at GBX 150.60, with a volume of 209130 shares trading hands. The stock had previously closed at GBX 150.40.

Analysts Set New Price Targets

Several research firms have commented on IHG. UBS Group reiterated a “neutral” rating and issued a GBX 150 target price on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. Finally, Berenberg Bank reiterated a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Stock Up 0.1%

The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.35. The company has a market capitalization of £224.30 million, a P/E ratio of 0.31, a P/E/G ratio of 1.69 and a beta of 1.03. The stock has a 50-day moving average price of GBX 138.63 and a 200-day moving average price of GBX 3,399.89.

Insider Activity

In related news, insider Nicholas Cadbury acquired 700 shares of the stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of £134.34 per share, for a total transaction of £94,038. 2.73% of the stock is owned by company insiders.

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.