International Consolidated Airlines Group (LON:IAG) Reaches New 52-Week High - Here's Why

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 368.50 ($5.01) and last traded at GBX 367.60 ($5.00), with a volume of 58650301 shares. The stock had previously closed at GBX 362.30 ($4.92).

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays downgraded International Consolidated Airlines Group to an "underweight" rating and lowered their price target for the company from GBX 420 ($5.71) to GBX 250 ($3.40) in a report on Wednesday, March 12th. Citigroup reiterated a "buy" rating and set a GBX 390 ($5.30) target price on shares of International Consolidated Airlines Group in a research report on Monday, March 31st. Peel Hunt reiterated a "buy" rating and set a GBX 420 ($5.71) target price on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on International Consolidated Airlines Group from GBX 385 ($5.23) to GBX 460 ($6.25) and gave the company a "buy" rating in a report on Friday, July 4th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 384 ($5.22).

International Consolidated Airlines Group Trading Up 1.1%

The company's 50-day moving average is GBX 322.35 and its 200-day moving average is GBX 307.78. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The stock has a market capitalization of £21.64 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.21 and a beta of 2.31.

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.

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