International Consolidated Airlines Group (LON:IAG) Reaches New 52-Week High – What’s Next?

International Consolidated Airlines Group S.A. (LON:IAG)’s share price reached a new 52-week high on Wednesday . The stock 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).

Analysts Set New Price Targets

IAG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and increased their price objective for the stock from GBX 215 ($2.62) to GBX 400 ($4.88) in a report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th.

International Consolidated Airlines Group Price Performance

The stock has a market capitalization of £15.45 billion, a P/E ratio of 750.83, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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’s 50 day moving average price is GBX 273.80 and its 200 day moving average price is GBX 216.04.

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.