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

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

Analysts Set New Price Targets

IAG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and boosted their price objective for the company from GBX 215 ($2.70) to GBX 400 ($5.03) in a research note 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 Down 0.1 %

The company has a 50 day moving average of GBX 241.27 and a 200-day moving average of GBX 200.01. The company has a debt-to-equity ratio of 337.70, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of £14.97 billion, a P/E ratio of 727.52, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Company Profile

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.