InterContinental Hotels Group (LON:IHG) Hits New 52-Week High – What’s Next?

InterContinental Hotels Group PLC (LON:IHG)’s share price hit a new 52-week high on Thursday . The company traded as high as £102.30 ($125.21) and last traded at £102.30 ($125.21), with a volume of 271158 shares. The stock had previously closed at £100.40 ($122.89).

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised InterContinental Hotels Group to a “buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 5,471 ($66.96).

InterContinental Hotels Group Stock Performance

The firm has a market capitalization of £16.21 billion, a price-to-earnings ratio of 3,467.80, a P/E/G ratio of 1.69 and a beta of 0.98. The business has a fifty day moving average price of GBX 9,551.65 and a 200 day moving average price of GBX 8,550.58.

Insider Activity at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($105.31), for a total value of £28,221.12 ($34,542.37). 5.99% of the stock is owned by insiders.

InterContinental Hotels Group Company Profile

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.