InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 9,930 ($125.82) and last traded at GBX 9,924 ($125.75), with a volume of 1104997 shares trading hands. The stock had previously closed at GBX 9,856 ($124.89).
Wall Street Analyst Weigh In
Several research firms have recently weighed in on IHG. The Goldman Sachs Group upgraded InterContinental Hotels Group to a "buy" rating in a research note on Wednesday, September 18th. Berenberg Bank reissued a "hold" rating and issued a GBX 7,400 ($93.77) price target on shares of InterContinental Hotels Group in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, InterContinental Hotels Group has an average rating of "Hold" and an average price target of GBX 5,471 ($69.32).
Get Our Latest Stock Report on IHG
InterContinental Hotels Group Stock Up 0.2 %
The stock has a market cap of £15.65 billion, a P/E ratio of 3,357.97, a P/E/G ratio of 1.69 and a beta of 0.98. The firm has a 50 day moving average price of GBX 8,783.68 and a 200 day moving average price of GBX 8,196.18.
Insider Activity
In related news, insider Daniela Barone Soares sold 328 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($109.02), for a total value of £28,221.12 ($35,759.15). Company insiders own 5.99% of the company's stock.
About InterContinental Hotels Group
(
Get Free Report)
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
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