InterContinental Hotels Group (LON:IHG) Sets New 12-Month High – Should You Buy?

InterContinental Hotels Group PLC (LON:IHG)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as £109.75 ($136.61) and last traded at £108.70 ($135.30), with a volume of 271868 shares trading hands. The stock had previously closed at £108.80 ($135.42).

InterContinental Hotels Group Trading Up 0.9 %

The stock has a market cap of £17.06 billion, a P/E ratio of 3,648.92, a PEG ratio of 1.69 and a beta of 0.98. The company has a 50 day simple moving average of £100.02 and a 200 day simple moving average of GBX 8,863.14.

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.