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

InterContinental Hotels Group PLC (LON:IHG) insider Byron Elmer Grote acquired 400 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of £127.25 ($160.59) per share, for a total transaction of £50,900 ($64,235.23).

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at GBX 9,696 ($122.36) on Tuesday. The firm’s 50-day moving average is £100.54 and its two-hundred day moving average is GBX 9,016.85. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The stock has a market capitalization of £19.44 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group PLC has a 12-month low of GBX 7,032 ($88.74) and a 12-month high of £109.75 ($138.50).

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IHG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 7,800 ($98.44) target price on shares of InterContinental Hotels Group in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 5,898.75 ($74.44).

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.