InterContinental Hotels Group Executes Share Buyback

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

InterContinental Hotels Group PLC announced the repurchase of 28,121 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. This move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial stability.

The most recent analyst rating on (GB:IHG) stock is a Sell with a £96.00 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 robust revenue growth and profitability, supported by positive earnings call sentiment. However, financial stability concerns due to high leverage and negative equity, moderate technical indicators, and average valuation metrics temper the overall outlook.

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, known for its extensive portfolio of hotels and resorts. The company focuses on providing high-quality accommodation services globally, catering to both business and leisure travelers.

Average Trading Volume: 582,281

Technical Sentiment Signal: Buy

Current Market Cap: £13.15B

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