International Consolidated Airlines Group (LON:IAG) Sets New 12-Month High - Here's What Happened

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 380.22 ($5.10) and last traded at GBX 377.20 ($5.06), with a volume of 19675846 shares traded. The stock had previously closed at GBX 376.80 ($5.06).

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on International Consolidated Airlines Group from GBX 385 ($5.17) to GBX 460 ($6.17) and gave the stock a "buy" rating in a research report on Friday, July 4th. Citigroup restated a "buy" rating and set a GBX 390 ($5.23) price target on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Finally, Peel Hunt restated a "buy" rating and set a GBX 420 ($5.64) price target on shares of International Consolidated Airlines Group in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 384 ($5.15).

International Consolidated Airlines Group Stock Performance

The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The firm's 50 day moving average is GBX 330.54 and its 200-day moving average is GBX 309.82. The firm has a market cap of £21.82 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth 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.