[Business Wire] InterContinental Hotels Group PLC (NYSE:IHG)(TREND ANALYSIS) one of the world’s leading hotel companies, launches today its first-ever “Mexico Flash Sale”. IHG® Rewards Club members will receive a 30 percent discount off the Best Flexible Rate, when they book between March 13th and 16th, 2015 2 for a minimum two-night stay at participating IHG hotels from March 13 through June 15, 2015. Members can visit this link to see deals at hotels in Mexico under IHG’s brands including: InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Hotel Indigo®, Holiday Inn® Hotels & Resorts, Holiday Inn Express® and Staybridge Suites®.
Mexico offers an experience full of magic, color and warmth. With pristine beaches in Acapulco, Cancun, Los Cabos and Mazatlan, guests can discover the unique biodiversity found in Mexican waters along the coasts of the country. Or, walk and admire the beauty of the “Magical Towns”: Metepec/Toluca, San Cristobal de las Casas/ Chiapas & Real del Monte/Pachuca. While the Colonial Cities of Guanajuato, Morelia, Merida, Puebla & Queretaro are rich in culture, all regions of Mexico offer many culinary delights.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
The company is currently valued at $9.33 billion and closed the last trading session at $39.5. The stock has 50-day moving average of $40.08 and a 200-day moving average of $39.65.
InterContinental Hotels Group PLC (NYSE:IHG) is currently trading 7.34% below its 52-week-high, 24.42% above its 52-week-low and in the range of $38.07-$41.59 over the past month. The 1-year range for the stock is $31.75-$42.63. The company’s share price has underperformed the S&P 500 year to date by -2.91%.
InterContinental Hotels Group PLC (IHG) current short interest stands at 179,912 shares. It has increased by 12% from the same period of last month. With a 30-days average daily volume of 189,874 shares, the number of days required to cover the short positions stand at 1.3 days.
Stock Analyst Perspectives: Click here for a free Trend Analysis Report
There are currently six analysts that we track that cover IHG. Of those six, two have a buy rating, four have a hold rating, and . On a consensus basis this yields to a Buy. The overall consensus target price stands at $43.12 which represents an upside of 9.16% from the last closing price of $39.5.
SunTrust Robinson Humphrey maintained their neutral stance on March 23rd, with a target price of $41, which represents an upside of 3.8% from the last closing price. Another research firm, MKM Partners, maintained their neutral stance on March 03rd, with a target price of $45, which translates into an upside of 13.92%.
Company Profile
InterContinental Hotels Group PLC owns and operates a portfolio of hotel businesses. The Group’s portfolio is comprised primarily of various franchised hotels from an established and diverse group of brands. InterContinental Hotels manages hotel loyalty and priority club rewards programs. The Group operates hotels in countries and territories all over the world.
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