InterContinental Hotels Group (LON:IHG) Reaches New 12-Month High – Still a Buy?

InterContinental Hotels Group PLC (LON:IHG)’s stock price reached a new 52-week high on Friday . The company traded as high as GBX 167 and last traded at GBX 166.45, with a volume of 366513 shares trading hands. The stock had previously closed at GBX 160.40.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a research note on Thursday, May 7th. UBS Group reissued 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 equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, InterContinental Hotels Group presently has an average rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Stock Performance

The business has a fifty day simple moving average of GBX 147.97 and a 200-day simple moving average of GBX 2,203.23. 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 cap of £247.18 million, a P/E ratio of 0.34, a P/E/G ratio of 1.69 and a beta of 1.05.

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.