Intercontinental Hotels Group Rises On Unusually High Volume (IHG)

NEW YORK ( TheStreet) -- Intercontinental Hotels Group (NYSE: IHG) is trading at unusually high volume Thursday with 2.1 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up 37 cents (+2.2%) at $17.02 as of 11:30 a.m. ET.

Intercontinental Hotels Group has a market cap of $5.1 billion and is part of the services sector and leisure industry. Shares are down 15.6% year to date as of the close of trading on Wednesday.

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts. The company has a P/E ratio of 18.6, above the average leisure industry P/E ratio of 17.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intercontinental Hotels Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share and notable return on equity. 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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