InterContinental Hotels Group (LON:IHG) Reaches New 52-Week High – What’s Next?

InterContinental Hotels Group PLC (LON:IHG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as £101.95 ($129.92) and last traded at £101.40 ($129.22), with a volume of 730619 shares changing hands. The stock had previously closed at £101.45 ($129.29).

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IHG. The Goldman Sachs Group upgraded shares of InterContinental Hotels Group to a “buy” rating in a research note on Wednesday, September 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,400 ($94.30) price target on shares of InterContinental Hotels Group in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 5,471 ($69.72).

InterContinental Hotels Group Trading Down 0.0 %

The company has a market capitalization of £16.07 billion, a price-to-earnings ratio of 3,438.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The stock has a 50-day simple moving average of GBX 8,938.24 and a 200-day simple moving average of GBX 8,260.54.

Insider Activity at InterContinental Hotels Group

In related news, insider Daniela Barone Soares sold 328 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($109.65), for a total value of £28,221.12 ($35,964.22). 5.99% of the stock is currently owned by corporate insiders.

InterContinental Hotels Group Company Profile

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.