International Consolidated Airlines Group (LON:IAG) Reaches New 1-Year High – Here’s Why

Shares of International Consolidated Airlines Group S.A. (LON:IAG – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 465.55 and last traded at GBX 463.50, with a volume of 582062188 shares changing hands. The stock had previously closed at GBX 454.80.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada decreased 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 report on Monday, May 11th. Citigroup dropped their target price on 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 restated a “sell” rating and set a GBX 355 price target on shares of International Consolidated Airlines Group in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 460 price target on shares of International Consolidated Airlines Group in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 466.

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International Consolidated Airlines Group Trading Up 0.4%

The firm has a market capitalization of £20.91 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.21 and a beta of 2.14. The business’s 50 day moving average price is GBX 406.20 and its 200-day moving average price is GBX 403.90. The company has a debt-to-equity ratio of 187.79, a current ratio of 0.70 and a quick ratio of 0.63.

International Consolidated Airlines Group Company Profile

(Get Free Report)

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.

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