TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
InterContinental Hotels ( (GB:IHG) ) just unveiled an announcement.
InterContinental Hotels Group PLC announced the repurchase of 36,971 of its ordinary shares from Merrill Lynch International on the London Stock Exchange. This transaction, authorized by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:IHG) stock is a Buy with a £10200.00 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 broad portfolio of hotel brands, catering to various market segments. The company is known for its luxury and upscale accommodations, as well as midscale and economy offerings, serving both business and leisure travelers worldwide.
Average Trading Volume: 435,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.66B
For an in-depth examination of IHG stock, go to TipRanks’ Overview page.