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

InterContinental Hotels Group PLC (LON:IHG)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 149.50 and last traded at GBX 147.20, with a volume of 312937 shares trading hands. The stock had previously closed at GBX 145.05.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research note on Monday, January 19th. JPMorgan Chase & Co. raised their price target on shares of InterContinental Hotels Group from £104 to £119 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. UBS Group reiterated a “buy” rating and issued a GBX 9,450 price objective on shares of InterContinental Hotels Group in a research note on Friday, October 17th. Finally, Citigroup increased their target price on shares of InterContinental Hotels Group from GBX 7,900 to GBX 8,000 and gave the stock a “sell” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 7,499.

InterContinental Hotels Group Trading Up 1.5%

The company has a 50 day moving average of GBX 4,408.44 and a 200 day moving average of GBX 7,498.98. The firm has a market cap of £221.51 million, a P/E ratio of 0.31, a PEG ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of -162.30, a quick ratio of 1.35 and a current ratio of 0.85.

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.