InterContinental Hotels Group (LON:IHG) Sets New 12-Month High - Should You Buy?

Shares of InterContinental Hotels Group PLC (LON:IHG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as £101.95 ($129.92) and last traded at £101.40 ($129.22), with a volume of 730619 shares. The stock had previously closed at £101.45 ($129.29).

Analysts Set New Price Targets

Several brokerages have issued reports on IHG. Berenberg Bank reaffirmed a "hold" rating and set a GBX 7,400 ($94.30) price target on shares of InterContinental Hotels Group in a report on Thursday, August 15th. The Goldman Sachs Group raised shares of InterContinental Hotels Group to a "buy" rating in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, InterContinental Hotels Group presently has a consensus rating of "Hold" and an average price target of GBX 5,471 ($69.72).

InterContinental Hotels Group Trading Down 2.4 %

The company's 50-day moving average is GBX 8,938.24 and its 200-day moving average is GBX 8,260.54. The firm has a market cap of £15.69 billion, a price-to-earnings ratio of 3,437.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Insider Buying and Selling at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($109.65), for a total value of £28,221.12 ($35,964.22). Company insiders own 5.99% of the company's stock.

About InterContinental Hotels Group

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.