InterContinental Hotels Group PLC (LON:IHG) Insider Acquires £50,900 in Stock

InterContinental Hotels Group PLC (LON:IHG) insider Byron Elmer Grote purchased 400 shares of InterContinental Hotels Group stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of £127.25 ($161.04) per share, for a total transaction of £50,900 ($64,414.07).

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at GBX 9,640 ($121.99) on Monday. InterContinental Hotels Group PLC has a twelve month low of GBX 7,032 ($88.99) and a twelve month high of £109.75 ($138.89). The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The company has a market capitalization of £19.32 billion, a P/E ratio of 31.64, a PEG ratio of 1.69 and a beta of 0.98. The stock’s 50 day moving average is £100.60 and its 200 day moving average is GBX 9,000.44.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.20) price objective on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 7,800 ($98.71) price target on shares of InterContinental Hotels Group in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, InterContinental Hotels Group presently has a consensus rating of “Hold” and an average target price of GBX 5,898.75 ($74.65).

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.