InterContinental Hotels Group (LON:IHG) Sets New 52-Week High – Should You Buy?

Shares of InterContinental Hotels Group PLC (LON:IHG) hit 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup boosted their price target 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. UBS Group reiterated a “buy” rating and issued a GBX 9,450 target price on shares of InterContinental Hotels Group in a report on Friday, October 17th. JPMorgan Chase & Co. increased their target price on shares of InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, 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, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 7,499.

InterContinental Hotels Group Stock Performance

The firm’s 50-day moving average price is GBX 4,408.44 and its two-hundred day moving average price is GBX 7,498.98. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The firm has a market capitalization of £221.51 million, a PE ratio of 0.31, 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.