Insider Buying: InterContinental Hotels Group (LON:IHG) Insider Acquires 700 Shares of Stock

InterContinental Hotels Group PLC (LON:IHG) insider Nicholas Cadbury bought 700 shares of InterContinental Hotels Group stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of £134.34 per share, for a total transaction of £94,038.

InterContinental Hotels Group Stock Up 0.1%

Shares of IHG opened at GBX 134.10 on Thursday. The firm has a market cap of £201.80 million, a P/E ratio of 0.28, a P/E/G ratio of 1.69 and a beta of 1.08. InterContinental Hotels Group PLC has a 1 year low of GBX 72.52 and a 1 year high of GBX 150.90. The stock has a 50 day simple moving average of GBX 1,376.84 and a two-hundred day simple moving average of GBX 6,595.79. The company has a debt-to-equity ratio of -181.87, a current ratio of 0.97 and a quick ratio of 1.35.

Analysts Set New Price Targets

IHG has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Berenberg Bank restated a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has an average rating of “Hold” and a consensus price target of GBX 9,350.

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.