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

InterContinental Hotels Group PLC (LON:IHG) insider Byron Elmer Grote bought 400 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of £127.25 ($161.04) per share, with a total value of £50,900 ($64,414.07).

InterContinental Hotels Group Stock Performance

Shares of LON IHG opened at GBX 9,640 ($121.99) on Monday. The firm’s 50-day moving average price is £100.60 and its 200-day moving average price is GBX 9,000.44. InterContinental Hotels Group PLC has a 52-week low of GBX 7,032 ($88.99) and a 52-week high of £109.75 ($138.89). The company has a market cap of £19.32 billion, a PE ratio of 31.64, a PEG 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and set 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 ($98.71) target price on shares of InterContinental Hotels Group in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 5,898.75 ($74.65).

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.