InterContinental Hotels Group (LON:IHG) Reaches New 1-Year High – Time to Buy?

InterContinental Hotels Group PLC (LON:IHG)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 180.10 and last traded at GBX 178.66, with a volume of 764,142 shares trading hands. The stock had previously closed at GBX 173.15.

InterContinental Hotels Group Stock Performance

The business has a 50-day simple moving average of GBX 160.78 and a 200-day simple moving average of GBX 152. The firm has a market capitalization of £264.16 million, a PE ratio of 0.37, a P/E/G ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of -152.48, a current ratio of 0.66 and a quick ratio of 1.34.

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.