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The latest announcement is out from InterContinental Hotels ( (GB:IHG) ).
InterContinental Hotels Group PLC announced the repurchase of 110,850 of its ordinary shares on the London Stock Exchange through Goldman Sachs International. The repurchased shares are to be canceled, reducing the number of shares in circulation, which could potentially enhance shareholder value by increasing earnings per share.
More about InterContinental Hotels
InterContinental Hotels Group PLC operates in the hospitality industry and is known for its wide range of hotels across the globe. The company focuses on providing premium hotel services and accommodations, targeting both business and leisure travelers.
YTD Price Performance: 42.51%
Average Trading Volume: 423,706
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.69B
For a thorough assessment of IHG stock, go to TipRanks’ Stock Analysis page.
