Byron Elmer Grote Buys 400 Shares of InterContinental Hotels Group PLC (LON:IHG) Stock

InterContinental Hotels Group PLC (LON:IHG) insider Byron Elmer Grote purchased 400 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average price of £127.25 ($161.28) per share, with a total value of £50,900 ($64,512.04).

InterContinental Hotels Group Stock Performance

LON:IHG opened at GBX 9,606 ($121.75) on Wednesday. The company has a fifty day moving average of £100.48 and a 200-day moving average of GBX 9,020.97. The firm has a market capitalization of £19.26 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. InterContinental Hotels Group PLC has a twelve month low of GBX 7,032 ($89.13) and a twelve month high of £109.75 ($139.10).

Analysts Set New Price Targets

Several research analysts have issued reports on IHG shares. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 7,800 ($98.86) price target on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Jefferies Financial Group restated a “hold” rating and set a GBX 95 ($1.20) price target on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 5,898.75 ($74.76).

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.