International Consolidated Airlines Group (LON:IAG) Reaches New 12-Month High – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 465.55 and last traded at GBX 463.50, with a volume of 582062188 shares traded. The stock had previously closed at GBX 454.80.

Analyst Ratings Changes

IAG has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price objective on International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating for the company in a research note on Monday, May 11th. Citigroup lowered their price target on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a report on Monday, April 20th. UBS Group reissued a “sell” rating and issued a GBX 355 price target on shares of International Consolidated Airlines Group in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 460 price objective on shares of International Consolidated Airlines Group in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 466.

International Consolidated Airlines Group Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 187.79. The business’s 50 day moving average price is GBX 403.28 and its two-hundred day moving average price is GBX 402.88. The stock has a market cap of £20.63 billion, a P/E ratio of 6.42, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36.

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.