InterContinental Hotels Group Executes Share Buyback

InterContinental Hotels ( (GB:IHG) ) just unveiled an update.

InterContinental Hotels Group PLC announced the repurchase of 27,161 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This strategic move is intended to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.

The most recent analyst rating on (GB:IHG) stock is a Sell with a £8600.00 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 has shown strong growth and profitability, supported by strategic initiatives and share buybacks. However, high leverage and negative equity, alongside valuation concerns, pose risks, balancing the overall score.

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

More about InterContinental Hotels

InterContinental Hotels Group PLC is a prominent player in the hospitality industry, offering a wide range of hotel and resort services. The company operates a diverse portfolio of brands catering to various market segments, from luxury to economy, and is focused on expanding its global presence.

Average Trading Volume: 594,040

Technical Sentiment Signal: Buy

Current Market Cap: £13.17B

Find detailed analytics on IHG stock on TipRanks’ Stock Analysis page.