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

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

InterContinental Hotels Group Stock Performance

Shares of LON IHG traded up GBX 20 ($0.25) during trading on Friday, reaching GBX 9,928 ($125.13). 1,323,804 shares of the company traded hands, compared to its average volume of 2,462,893. The firm has a 50 day simple moving average of £100.45 and a 200-day simple moving average of GBX 9,044.30. InterContinental Hotels Group PLC has a 52-week low of GBX 7,032 ($88.63) and a 52-week high of £109.75 ($138.33). The stock has a market capitalization of £19.90 billion, a PE ratio of 32.58, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30.

Analyst Ratings Changes

Several research firms have recently issued reports on IHG. Jefferies Financial Group reiterated a "hold" rating and set a GBX 95 ($1.20) target price on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a GBX 7,800 ($98.31) target price on shares of InterContinental Hotels Group in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, InterContinental Hotels Group presently has an average rating of "Hold" and an average target price of GBX 5,898.75 ($74.35).

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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.