InterContinental Hotels Group Buys 20,000 Shares at $131.75, Earns Moderate Buy Consensus
InterContinental Hotels Group repurchased 20,000 ordinary shares on March 10 at an average price of $131.7519, reducing issued share count to 150,695,048 excluding 5,431,782 treasury shares. Six analysts rate the stock a consensus “Moderate Buy,” with three buy, two hold and one strong buy recommendation.
1. Share Buyback Details
On March 10, InterContinental Hotels Group executed a purchase of 20,000 ordinary shares at prices ranging from $130.50 to $133.45, with an average cost of $131.7519 per share. The repurchased shares will be canceled, leaving the company with 150,695,048 shares outstanding, excluding 5,431,782 held in treasury.
2. Analyst Ratings Overview
Following recent coverage by six brokerages, the consensus recommendation for InterContinental Hotels Group stands at “Moderate Buy.” Three analysts have issued buy ratings, two maintain holds and one has upgraded to strong buy, reflecting cautious optimism about the group’s growth prospects.