International Consolidated Airlines Group (LON:IAG) Hits New 12-Month Low at $133.01

Shares of International Consolidated Airlines Group S.A. (LON:IAG) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 133.01 ($1.73) and last traded at GBX 173.70 ($2.26), with a volume of 8587070 shares changing hands. The stock had previously closed at GBX 172.15 ($2.24).

Analysts Set New Price Targets

IAG has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Thursday, June 13th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 230 ($2.99) price objective on shares of International Consolidated Airlines Group in a report on Tuesday, June 18th.

International Consolidated Airlines Group Stock Up 1.4 %

The stock has a market capitalization of £8.64 billion, a price-to-earnings ratio of 410.12, a PEG ratio of 0.21 and a beta of 2.30. 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 business has a fifty day moving average of GBX 168.56 and a 200 day moving average of GBX 166.34.

International Consolidated Airlines Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 9th. Stockholders of record on Thursday, September 5th will be paid a €0.03 ($0.03) dividend. This represents a dividend yield of 1.58%. The ex-dividend date is Thursday, September 5th. International Consolidated Airlines Group’s dividend payout ratio (DPR) is presently 1,162.79%.

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.