InterContinental Hotels Group PLC (ADR) (NYSE:IHG)
CAPS Rating:
The Company is a worldwide owner, manager and franchisor of hotels and resorts.
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The Company is a worldwide owner, manager and franchisor of hotels and resorts.
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Amazingly, I've had this stock in my Investopedia simulated portfolio since August, and I just noticed that it has increased 40% in value since then. Sure, it's had a nice run up, but take a look at the chart - It's already gone through it's correction, and today looks to signify another little run. I don't think this one's going to stop until it's P/E is closer to at least 11, possibly 13. I did notice that the forward P/E is 24, which gives me some pause, but short term, this one looks like a winner.