Byron Elmer Grote Purchases 400 Shares of InterContinental Hotels Group PLC (LON:IHG) Stock

InterContinental Hotels Group PLC (LON:IHG - Get Free Report) insider Byron Elmer Grote purchased 400 shares of the business's stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of £127.25 ($160.39) per share, for a total transaction of £50,900 ($64,154.27).

InterContinental Hotels Group Stock Performance

LON IHG traded up GBX 80 ($1.01) during trading on Thursday, reaching GBX 9,908 ($124.88). 582,025 shares of the company's stock were exchanged, compared to its average volume of 2,490,675. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The business has a 50 day moving average price of £100.45 and a 200-day moving average price of GBX 9,044.30. The stock has a market capitalization of £19.86 billion, a P/E ratio of 32.52, a PEG ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group PLC has a fifty-two week low of GBX 7,032 ($88.63) and a fifty-two week high of £109.75 ($138.33).

Wall Street Analysts Forecast Growth

IHG has been the subject of a number of analyst reports. Jefferies Financial Group restated a "hold" rating and issued a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a GBX 7,800 ($98.31) price objective on shares of InterContinental Hotels Group in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 5,898.75 ($74.35).

Remove Ads

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.