International Consolidated Airlines Group (LON:IAG) Reaches New 1-Year High – Here’s Why

Shares of International Consolidated Airlines Group S.A. (LON:IAG) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 339.50 ($4.30) and last traded at GBX 282 ($3.57), with a volume of 13379212 shares changing hands. The stock had previously closed at GBX 281.10 ($3.56).

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and lifted their price target for the company from GBX 215 ($2.73) to GBX 400 ($5.07) in a research report on Wednesday.

International Consolidated Airlines Group Stock Performance

The stock has a 50 day simple moving average of GBX 227.10 and a 200 day simple moving average of GBX 193.72. The company has a market cap of £14.38 billion, a price-to-earnings ratio of 693.76, a PEG ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.