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The latest announcement is out from InterContinental Hotels ( (GB:IHG) ).
InterContinental Hotels Group PLC has announced the completion of its share repurchase program, which involved buying back 39,636 of its ordinary shares. This action, executed through Goldman Sachs International, reflects the company’s strategic decision to consolidate its shares, potentially enhancing shareholder value. The repurchased shares will be canceled, reducing the total number of shares in circulation and marking the conclusion of the buyback initiative that was authorized earlier in the year.
More about InterContinental Hotels
InterContinental Hotels Group PLC is a leading company in the hospitality industry, known for its wide range of hotels and resorts. It operates various brands catering to different market segments and is focused on providing exceptional services to its guests across the globe.
YTD Price Performance: 42.71%
Average Trading Volume: 415,147
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.73B
For a thorough assessment of IHG stock, go to TipRanks’ Stock Analysis page.
