InterContinental Hotels Group (LON:IHG) Sets New 52-Week High – Time to Buy?

InterContinental Hotels Group PLC (LON:IHG) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as £104.75 ($129.38) and last traded at £104.40 ($128.95), with a volume of 435548 shares traded. The stock had previously closed at £103.90 ($128.33).

InterContinental Hotels Group Trading Down 0.2 %

The firm has a market cap of £16.80 billion, a price-to-earnings ratio of 3,593.22, a P/E/G ratio of 1.69 and a beta of 0.98. The firm’s 50-day moving average is GBX 9,728.67 and its 200-day moving average is GBX 8,638.85.

Insider Activity

In other InterContinental Hotels Group news, insider Daniela Barone Soares sold 328 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 8,604 ($106.27), for a total value of £28,221.12 ($34,858.10). Corporate insiders own 5.99% of the company’s stock.

About InterContinental Hotels Group

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.