InterContinental Hotels Group (LON:IHG) Hits New 52-Week High – Here’s Why

InterContinental Hotels Group PLC (LON:IHGGet Free Report) 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. The stock had previously closed at £105.85 ($131.18).

InterContinental Hotels Group Stock Performance

The company has a market capitalization of £17.15 billion, a price-to-earnings ratio of 3,667.80, a PEG ratio of 1.69 and a beta of 0.98. The business’s 50 day moving average is GBX 9,841.09 and its 200 day moving average is GBX 8,723.28.

About InterContinental Hotels Group

(Get Free Report)

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.

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