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InterContinental Hotels ( (GB:IHG) ) just unveiled an update.
InterContinental Hotels Group PLC announced the repurchase of 38,364 of its ordinary shares on the London Stock Exchange, as part of a buyback program authorized by shareholders. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share.
The most recent analyst rating on (GB:IHG) stock is a Sell with a £8000.00 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’ stock score is primarily driven by its strong technical performance, indicating bullish momentum. However, financial performance is mixed, with strong revenue growth offset by concerns over high leverage and negative equity. Valuation is moderate, with a relatively high P/E ratio and low dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.
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 operates a diverse portfolio of hotel brands. The company focuses on delivering exceptional guest experiences across various market segments, including luxury, upscale, and midscale hotels.
Average Trading Volume: 451,670
Technical Sentiment Signal: Strong Buy
Current Market Cap: £15.05B
For detailed information about IHG stock, go to TipRanks’ Stock Analysis page.