InterContinental Hotels Group (LON:IHG) Hits New 12-Month High at $5,426.00

InterContinental Hotels Group PLC (LON:IHGGet Rating) hit a new 52-week high on Friday . The company traded as high as GBX 5,426 ($66.11) and last traded at GBX 5,408 ($65.89), with a volume of 23121 shares. The stock had previously closed at GBX 5,342 ($65.08).

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IHG. Berenberg Bank upped their price target on shares of InterContinental Hotels Group from GBX 5,700 ($69.44) to GBX 6,500 ($79.19) and gave the stock a “buy” rating in a report on Thursday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 5,520 ($67.25) target price on shares of InterContinental Hotels Group in a research report on Tuesday, November 22nd. Finally, Barclays reissued an “overweight” rating and set a GBX 5,400 ($65.79) price target on shares of InterContinental Hotels Group in a report on Thursday, November 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,700 ($69.44).

InterContinental Hotels Group Stock Performance

The company has a market capitalization of £9.50 billion and a PE ratio of 2,753.61. The firm has a fifty day simple moving average of GBX 4,830.72 and a 200-day simple moving average of GBX 4,718.89.

About InterContinental Hotels Group

(Get Rating)

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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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