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

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 325.80 ($4.01) and last traded at GBX 322.40 ($3.97), with a volume of 19802408 shares trading hands. The stock had previously closed at GBX 316.91 ($3.90).

Wall Street Analyst Weigh In

IAG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and boosted their price objective for the stock from GBX 215 ($2.65) to GBX 400 ($4.92) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Price Performance

The company has a market capitalization of £16.18 billion, a PE ratio of 786.19, a price-to-earnings-growth 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. The firm’s 50-day moving average is GBX 284.25 and its 200-day moving average is GBX 221.47.

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.