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InterContinental Hotels ( (GB:IHG) ) has provided an announcement.
InterContinental Hotels Group PLC reported a modest increase in global RevPAR by 1.4% year-to-date, with a slight growth of 0.1% in the third quarter. Despite slower trading conditions in the US, the company experienced strong development activity, with room openings and signings increasing by 17% and 18% respectively. The company is set to launch a new premium collection brand and is on track to meet its full-year profit and earnings expectations. Additionally, IHG has completed $700 million of its $900 million share buyback program, aiming to return over $1.1 billion to shareholders in 2025.
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 shows strong revenue growth and profitability, but financial stability is challenged by high leverage and negative equity. Technical indicators suggest a neutral trend with some bullish momentum. The valuation appears high, with a modest dividend yield. These factors collectively result in a moderate stock 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 operating in the hotel industry. It offers a wide range of services, including hotel management and franchising, with a focus on upscale and luxury segments. The company has a diverse portfolio of brands and a significant presence across various regions, including the Americas, EMEAA (Europe, Middle East, Asia, and Africa), and Greater China.
Average Trading Volume: 442,059
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.67B
Find detailed analytics on IHG stock on TipRanks’ Stock Analysis page.