InterContinental Hotels Group Buys Back and Cancels 114,529 Shares

InterContinental Hotels ( (GB:IHG) ) has issued an update.

InterContinental Hotels Group has executed a share buyback transaction, repurchasing 114,529 ordinary shares on 17 February 2026 through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from $140.05 to $146.45, with an average price of $143.04 per share.

The company plans to cancel the repurchased shares, reducing its share count to 151,530,279 ordinary shares in issue, excluding 5,481,782 shares held in treasury. This move effectively returns capital to shareholders and marginally enhances earnings per share by shrinking the free-float equity base.

The most recent analyst rating on (GB:IHG) stock is a Buy with a $160.00 price target. To see the full list of analyst forecasts on InterContinental Hotels stock, see the GB:IHG Stock Forecast page.

Spark’s Take on GB:IHG Stock

According to Spark, TipRanks’ AI Analyst, GB:IHG is a Neutral.

InterContinental Hotels Group shows strong financial performance and strategic growth, particularly in RevPAR and shareholder returns, which are significant positives. However, high leverage and negative equity pose financial stability risks. The stock’s technical indicators are positive, but valuation metrics suggest it may be overvalued.

To see Spark’s full report on GB:IHG stock, click here.

More about InterContinental Hotels

InterContinental Hotels Group PLC is a global hospitality company operating a portfolio of hotel brands across multiple market segments. The group focuses on franchising and managing hotels worldwide, generating revenue primarily from room stays, related services, and long-term management and franchise agreements.

Average Trading Volume: 405,102

Technical Sentiment Signal: Buy

Current Market Cap: $22.07B

See more data about IHG stock on TipRanks’ Stock Analysis page.