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

InterContinental Hotels Group PLC (LON:IHG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as £102.30 ($124.47) and last traded at £102.30 ($124.47), with a volume of 271158 shares trading hands. The stock had previously closed at £100.40 ($122.16).

InterContinental Hotels Group Price Performance

The firm has a 50-day moving average price of GBX 9,622.99 and a 200 day moving average price of GBX 8,577.71. The company has a market cap of £16.43 billion, a price-to-earnings ratio of 3,513.56, a P/E/G ratio of 1.69 and a beta of 0.98.

Insider Buying and Selling

In related news, insider Daniela Barone Soares sold 328 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 8,604 ($104.68), for a total transaction of £28,221.12 ($34,336.44). 5.99% of the stock is currently owned by company insiders.

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.