InterContinental Hotels Group Cancels Shares After Latest Buyback

InterContinental Hotels ( (GB:IHG) ) has shared an announcement.

InterContinental Hotels Group said it repurchased 28,162 of its ordinary shares on 23 March 2026 through Goldman Sachs International under an existing shareholder authority. The shares were bought on the London Stock Exchange at prices between $127.05 and $133.20, with an average price of $131.11.

The company plans to cancel the repurchased shares, reducing its share count to 150,471,179 in issue, excluding 5,431,782 held in treasury. The move continues IHG’s capital return program and is likely to marginally enhance earnings per share and signal confidence in the group’s financial position.

The most recent analyst rating on (GB:IHG) stock is a Buy with a $147.00 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 IHG Stock

According to Spark, TipRanks’ AI Analyst, 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 IHG stock, click here.

More about InterContinental Hotels

InterContinental Hotels Group is a global hospitality company operating a portfolio of hotel brands across various market segments. It focuses on providing lodging and related services to business and leisure travelers through its network of owned, managed, and franchised properties in key international markets.

Average Trading Volume: 510,204

Technical Sentiment Signal: Buy

Current Market Cap: $19.66B

Learn more about IHG stock on TipRanks’ Stock Analysis page.