International Consolidated Airlines Group (LON:IAG) Hits New 52-Week High – Here’s What Happened

Shares of International Consolidated Airlines Group S.A. (LON:IAGGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 348.70 ($4.35) and last traded at GBX 347.10 ($4.33), with a volume of 28061061 shares trading hands. The stock had previously closed at GBX 340.60 ($4.25).

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IAG. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and raised their target price for the company from GBX 215 ($2.68) to GBX 400 ($4.99) in a research note on Wednesday, December 11th.

View Our Latest Research Report on International Consolidated Airlines Group

International Consolidated Airlines Group Price Performance

The stock has a market cap of £17.07 billion, a PE ratio of 829.29, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The company’s 50 day moving average is GBX 300.51 and its 200-day moving average is GBX 231.51.

About International Consolidated Airlines Group

(Get Free Report)

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.

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