International Consolidated Airlines Group (LON:IAG) Reaches New 12-Month High – Time to Buy?

International Consolidated Airlines Group S.A. (LON:IAG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 317.74 ($3.88) and last traded at GBX 317 ($3.87), with a volume of 22329131 shares changing hands. The stock had previously closed at GBX 309.40 ($3.78).

Analyst Upgrades and Downgrades

Several research firms recently commented on IAG. JPMorgan Chase & Co. reiterated a “buy” rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and lifted their price objective for the stock from GBX 215 ($2.62) to GBX 400 ($4.88) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Price Performance

The stock has a market cap of £15.45 billion, a PE ratio of 750.83, a PEG ratio of 0.21 and a beta of 2.31. The business’s 50-day simple moving average is GBX 273.80 and its 200-day simple moving average is GBX 216.04. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.

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.