InterContinental Hotels Group (LON:IHG) Sets New 1-Year High – Should You Buy?

InterContinental Hotels Group PLC (LON:IHG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 157.30 and last traded at GBX 157.15, with a volume of 305958 shares changing hands. The stock had previously closed at GBX 152.45.

Wall Street Analyst Weigh In

Several analysts have issued reports on IHG shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and issued a GBX 150 price objective on shares of InterContinental Hotels Group in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Price Performance

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’s 50-day simple moving average is GBX 141.26 and its 200-day simple moving average is GBX 3,010.88. The company has a market cap of £234.06 million, a price-to-earnings ratio of 0.32, a P/E/G ratio of 1.69 and a beta of 1.03.

Insider Buying and Selling at InterContinental Hotels Group

In related news, insider Nicholas Cadbury purchased 700 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of £134.34 per share, with a total value of £94,038. Insiders own 2.73% of the company’s stock.

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.