InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 98.30 ($1.23) and last traded at GBX 9,800 ($122.48), with a volume of 1392903 shares trading hands. The stock had previously closed at £100.50 ($125.61).
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upgraded 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 given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, InterContinental Hotels Group presently has an average rating of "Hold" and a consensus price target of GBX 5,471 ($68.38).
Read Our Latest Report on IHG
InterContinental Hotels Group Trading Down 2.2 %
The company has a market capitalization of £15.58 billion, a P/E ratio of 3,332.20, a PEG ratio of 1.69 and a beta of 0.98. The business has a 50 day moving average price of GBX 9,211.08 and a 200 day moving average price of GBX 8,368.26.
Insider Activity at InterContinental Hotels Group
In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of InterContinental Hotels Group stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($107.54), for a total transaction of £28,221.12 ($35,271.99). Corporate insiders own 5.99% of the company's stock.
About InterContinental Hotels Group
(
Get Free Report)
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.
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