Opinions
The Panic-Proof Portfolio (Stockchase Research)
InterContinental Hotels Group PLC
IHG-N
TOP PICK
Nov 29, 2022
Stockchase Research Editor: Michael O'Reilly IHG is the 2nd largest hotel chain in the world, with brands like Intercontinental, Holiday Inn and Crowne Plaza. Margins are growing, despite inflation, as travel demand is surging. EPS grew over 200% this year. We like that cash reserves are growing, while the company is retiring debt and growing its portfolio -- adding 400 locations in 2021. Its dividend is backed by a payout ratio under 40% of cash flow. We recommend placing a stop-loss at $48, looking to achieve $69 -- upside potential over 18%. Yield 2.2% (Analysts’ price target is $69.00)
$57.800
Stock price when the opinion was issued
lodging
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PAST TOP PICK
(A Top Pick Nov 29/22, Up 19.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with IHG has achieved its target at $69. To remain disciplined, we recommend covering half the position at this time and trailing up the stop from $48 to $58. If triggered, this would result in a net investment gain of 9%, when combined this recommendation to cover half.
lodging
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PAST TOP PICK
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PAST TOP PICK