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Intercontinental Hotels Group Stock Hits New 52-Week High (IHG)

By TheStreet Wire 04/02/12 - 03:05 PM EDT

Find out if (IHG) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Intercontinental Hotels Group (NYSE:IHG) hit a new 52-week high Monday as it is currently trading at $23.68, above its previous 52-week high of $23.67 with 203,731 shares traded as of 2:39 p.m. ET. Average volume has been 433,500 shares over the past 30 days.

Intercontinental Hotels Group has a market cap of $5.94 billion and is part of the services sector and leisure industry. Shares are up 29.1% year to date as of the close of trading on Friday.

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The company has a P/E ratio of 24.2, above the average leisure industry P/E ratio of 16.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Intercontinental Hotels Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Intercontinental Hotels Group Ratings Report.

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