InterContinental Hotels Group (LON:IHG) Hits New 12-Month High – Still a Buy?

InterContinental Hotels Group PLC (LON:IHG) shares hit a new 52-week high on Wednesday . The stock traded as high as £107.35 ($133.04) and last traded at £106.80 ($132.36), with a volume of 172564 shares traded. The stock had previously closed at £105.85 ($131.18).

InterContinental Hotels Group Stock Up 0.3 %

The stock has a market cap of £17.15 billion, a PE ratio of 3,667.80, a P/E/G ratio of 1.69 and a beta of 0.98. The business has a 50 day moving average price of GBX 9,841.09 and a 200 day moving average price of GBX 8,723.28.

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.