InterContinental Hotels (GB:IHG) has released an update.
InterContinental Hotels Group PLC has actively bought back 29,887 of its own shares on April 18, 2024, with prices ranging from £77.6000 to £78.5000 per share, averaging at £78.0964. The company has announced its intention to cancel the repurchased shares, which will reduce the number of ordinary shares in issue, thereby potentially increasing the value of remaining shares for current shareholders.
For further insights into GB:IHG stock, check out TipRanks’ Stock Analysis page.
