InterContinental Hotels Executes Share Buyback Strategy

InterContinental Hotels (GB:IHG) has released an update.

InterContinental Hotels Group recently repurchased 1,000 of its own shares at an average price of £100.52, with the highest price paid being £101.35. This move, executed through Goldman Sachs International on the London Stock Exchange, is part of the company’s strategy to manage its share capital efficiently. The repurchased shares are intended to be canceled, reducing the total number of shares in circulation.

For further insights into GB:IHG stock, check out TipRanks’ Stock Analysis page.