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NEW YORK ( TheStreet) -- Intercontinental Hotels Group (NYSE: IHG) hit a new 52-week high Friday as it is currently trading at $24.06, above its previous 52-week high of $23.90 with 47,548 shares traded as of 10:25 a.m. ET. Average volume has been 351,600 shares over the past 30 days. Intercontinental Hotels Group has a market cap of $6.84 billion and is part of the services sector and leisure industry. Shares are up 30.8% year to date as of the close of trading on Thursday. InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels and resorts worldwide. The company has a P/E ratio of 25, above the average leisure industry P/E ratio of 14.7 and above the S&P 500 P/E ratio of 17.7.