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An announcement from InterContinental Hotels ( (GB:IHG) ) is now available.
InterContinental Hotels Group PLC announced the repurchase of 21,789 of its ordinary shares on December 20, 2024, through Goldman Sachs International, with the intention to cancel these shares. This move is part of a shareholder-approved buyback program, which reflects the company’s efforts to manage its capital structure and potentially enhance shareholder value.
More about InterContinental Hotels
InterContinental Hotels Group PLC operates within the hospitality industry, offering accommodation services and related amenities. It focuses on delivering a range of hotel experiences across various market segments, catering to both business and leisure travelers.
YTD Price Performance: 42.66%
Average Trading Volume: 433,504
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £15.73B
For a thorough assessment of IHG stock, go to TipRanks’ Stock Analysis page.
