International Consolidated Airlines Group (LON:IAG) Hits New 52-Week High – Time to Buy?

Shares of International Consolidated Airlines Group S.A. (LON:IAG) reached a new 52-week high during trading on Monday . The company traded as high as GBX 307.20 ($3.86) and last traded at GBX 303.33 ($3.81), with a volume of 730976938 shares. The stock had previously closed at GBX 305.80 ($3.84).

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IAG shares. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and raised their price objective for the company from GBX 215 ($2.70) to GBX 400 ($5.03) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market cap of £14.97 billion, a PE ratio of 727.52, a PEG ratio of 0.21 and a beta of 2.31. The business’s 50-day moving average is GBX 241.27 and its 200 day moving average is GBX 200.01.

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.