International Consolidated Airlines Group (LON:IAG) Sets New 52-Week High – What’s Next?

International Consolidated Airlines Group S.A. (LON:IAG) hit a new 52-week high on Friday . The stock traded as high as GBX 393.20 ($5.22) and last traded at GBX 388.80 ($5.16), with a volume of 224374750 shares. The stock had previously closed at GBX 380.50 ($5.05).

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IAG shares. Deutsche Bank Aktiengesellschaft boosted their price objective on International Consolidated Airlines Group from GBX 385 ($5.11) to GBX 460 ($6.11) and gave the company a “buy” rating in a report on Friday, July 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 420 ($5.57) price target on shares of International Consolidated Airlines Group in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 384 ($5.10).

International Consolidated Airlines Group Price Performance

The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a fifty day simple moving average of GBX 346.57 and a 200 day simple moving average of GBX 316.15. The company has a market capitalization of £22.06 billion, a PE ratio of 7.89, a P/E/G ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Company Profile

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.