InterContinental Hotels Group (LON:IHG) Insider Nicholas Cadbury Acquires 700 Shares

InterContinental Hotels Group PLC (LON:IHG) insider Nicholas Cadbury acquired 700 shares of InterContinental Hotels Group stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of £134.34 per share, with a total value of £94,038.

InterContinental Hotels Group Price Performance

IHG opened at GBX 132 on Friday. The company has a debt-to-equity ratio of -181.87, a quick ratio of 1.35 and a current ratio of 0.97. The stock has a market capitalization of £198.64 million, a P/E ratio of 0.28, a P/E/G ratio of 1.69 and a beta of 1.08. The company’s 50-day simple moving average is GBX 1,169.28 and its two-hundred day simple moving average is GBX 6,550.90. InterContinental Hotels Group PLC has a 52-week low of GBX 72.52 and a 52-week high of GBX 150.90.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating on shares of InterContinental Hotels Group in a report on Monday, January 19th. JPMorgan Chase & Co. upped their price objective on InterContinental Hotels Group from £104 to £119 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 9,350.

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.