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

InterContinental Hotels Group PLC (LON:IHG) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 174.60 and last traded at GBX 171.70, with a volume of 165178594 shares changing hands. The stock had previously closed at GBX 169.70.

Analysts Set New Price Targets

IHG has been the subject of a number of recent analyst reports. UBS Group restated a “neutral” rating and set a GBX 150 target price on shares of InterContinental Hotels Group in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of InterContinental Hotels Group in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 7,025.

InterContinental Hotels Group Price Performance

The stock has a market cap of £254.97 million, a P/E ratio of 0.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.34 and a current ratio of 0.97. The firm has a 50-day moving average price of GBX 153.35 and a 200-day moving average price of GBX 1,646.38.

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.