InterContinental Hotels Group Buys Back and Cancels Over 100,000 Shares

The latest update is out from InterContinental Hotels ( (GB:IHG) ).

InterContinental Hotels Group has repurchased 106,424 of its ordinary shares on 18 February 2026 through Goldman Sachs International under an existing shareholder authority. The shares were bought on the London Stock Exchange at prices between $144.10 and $147.60, with an average price of $146.05.

The company intends to cancel the repurchased shares, reducing its share count to 151,423,855 ordinary shares in issue, excluding treasury shares. This buyback and planned cancellation are likely to enhance earnings per share and signal continued capital returns to shareholders.

The most recent analyst rating on (GB:IHG) stock is a Buy with a $167.00 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.

The score is driven by strong operating recovery and cash generation plus a constructive outlook from the latest earnings call (system growth, fee-margin expansion, and ongoing buybacks). Offsetting these positives, balance-sheet risk (negative equity and higher debt) and a relatively expensive valuation (P/E ~30.7 with a modest yield) meaningfully cap the overall rating.

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 that owns, manages, franchises and licenses hotel brands across multiple segments and markets. It focuses on providing lodging and related services to business and leisure travelers through a portfolio of well-known hotel chains worldwide.

Average Trading Volume: 404,080

Technical Sentiment Signal: Buy

Current Market Cap: $22.02B

For an in-depth examination of IHG stock, go to TipRanks’ Overview page.