International Consolidated Airlines Group (LON:IAG) Sets New 12-Month Low – Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 3.38 ($0.05) and last traded at GBX 342.05 ($4.64), with a volume of 35873359 shares trading hands. The stock had previously closed at GBX 337.80 ($4.58).

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Peel Hunt reissued a “buy” rating and set a GBX 420 ($5.69) price target on shares of International Consolidated Airlines Group in a report on Tuesday, April 29th. Jefferies Financial Group increased their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.74) to GBX 400 ($5.42) and gave the company a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Barclays cut International Consolidated Airlines Group to an “underweight” rating and lowered their target price for the company from GBX 420 ($5.69) to GBX 250 ($3.39) in a report on Wednesday, March 12th. Finally, Citigroup reiterated a “buy” rating and set a GBX 390 ($5.29) price target on shares of International Consolidated Airlines Group in a report on Monday, March 31st. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 348.33 ($4.72).

International Consolidated Airlines Group Trading Down 99.0%

The company has a market cap of £199.60 million, a P/E ratio of 0.07, a P/E/G ratio of 0.21 and a beta of 2.31. The business has a fifty day simple moving average of GBX 286.83 and a 200 day simple moving average of GBX 299.76. The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70.

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.