InterContinental Hotels Group (LON:IHG) Sets New 12-Month High – What’s Next?

Shares of InterContinental Hotels Group PLC (LON:IHG) reached a new 52-week high on Thursday . The stock traded as high as GBX 172.20 and last traded at GBX 171.09, with a volume of 368809 shares traded. The stock had previously closed at GBX 170.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IHG shares. UBS Group reissued 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 reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. Three 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, the company presently has a consensus rating of “Hold” and an average target price of GBX 7,025.

InterContinental Hotels Group Trading Down 1.1%

The firm has a market capitalization of £251.33 million, a P/E ratio of 0.35, a PEG ratio of 1.69 and a beta of 1.04. The company has a quick ratio of 1.34, a current ratio of 0.97 and a debt-to-equity ratio of -181.87. The firm has a 50 day moving average of GBX 152.13 and a 200-day moving average of GBX 1,843.42.

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.