InterContinental Hotels Group (LON:IHG) Reaches New 1-Year High - Time to Buy?

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as £107.35 ($133.57) and last traded at £106.80 ($132.89), with a volume of 172564 shares. The stock had previously closed at £105.85 ($131.70).

InterContinental Hotels Group Stock Up 0.9 %

The business's fifty day moving average is GBX 9,791.72 and its 200-day moving average is GBX 8,690.80. The stock has a market capitalization of £16.93 billion, a PE ratio of 3,620.34, a P/E/G ratio of 1.69 and a beta of 0.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.