InterContinental Hotels Group (LON:IHG) Hits New 1-Year Low – Here’s What Happened

InterContinental Hotels Group PLC (LON:IHG)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as GBX 104 and last traded at GBX 138.45, with a volume of 3432663 shares traded. The stock had previously closed at £104.60.

Analyst Ratings Changes

A number of research firms have recently issued reports on IHG. Citigroup raised their price target on InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. increased their target price on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. UBS Group reissued a “buy” rating and issued a GBX 9,450 target price on shares of InterContinental Hotels Group in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on InterContinental Hotels Group from GBX 7,900 to GBX 8,050 and gave the company a “hold” rating in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 7,499.

InterContinental Hotels Group Price Performance

The firm has a 50 day moving average of GBX 9,769.87 and a 200-day moving average of GBX 9,142.72. The company has a current ratio of 0.85, a quick ratio of 1.35 and a debt-to-equity ratio of -162.30. The company has a market cap of £207.95 million, a P/E ratio of 0.29, a P/E/G ratio of 1.69 and a beta of 0.98.

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

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.