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

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

Wall Street Analyst Weigh In

IAG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 460 price target on shares of International Consolidated Airlines Group in a research note on Monday, May 11th. Citigroup dropped their target price on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Monday, April 20th. UBS Group reaffirmed a “sell” rating and issued a GBX 355 target price on shares of International Consolidated Airlines Group in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada decreased their price target on shares of 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. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 466.

International Consolidated Airlines Group Stock Performance

The stock has a market capitalization of £20.63 billion, a PE ratio of 6.42, a PEG ratio of 0.21 and a beta of 1.36. The business has a 50 day moving average price of GBX 403.28 and a 200 day moving average price of GBX 402.88. The company has a debt-to-equity ratio of 187.79, a current ratio of 0.70 and a quick ratio of 0.63.

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.