Intercontinental Hotels Group Reaches New 52-Week High (IHG)

NEW YORK ( TheStreet) -- Intercontinental Hotels Group (NYSE: IHG) hit a new 52-week high Thursday as it is currently trading at $23.75, above its previous 52-week high of $23.74 with 265,153 shares traded as of 9:50 a.m. ET. Average volume has been 352,900 shares over the past 30 days.

Intercontinental Hotels Group has a market cap of $6.55 billion and is part of the services sector and leisure industry. Shares are up 30% year to date as of the close of trading on Wednesday.

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts worldwide. The company has a P/E ratio of 24.9, above the average leisure industry P/E ratio of 14.1 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 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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Dow Leads Major Indices With Triple-Digit Rally

Dow Leads Major Indices With Triple-Digit Rally