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International Consolidated Airlines Group (LON:IAG) Reaches New 1-Year Low - Here's What Happened

International Consolidated Airlines Group logo with Industrials background

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 3.38 ($0.05) and last traded at GBX 342.05 ($4.62), with a volume of 35873359 shares trading hands. The stock had previously closed at GBX 337.80 ($4.56).

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup reissued a "buy" rating and set a GBX 390 ($5.27) price objective on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Barclays cut International Consolidated Airlines Group to an "underweight" rating and lowered their price target for the company from GBX 420 ($5.67) to GBX 250 ($3.38) in a report on Wednesday, March 12th. JPMorgan Chase & Co. restated an "overweight" rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. Jefferies Financial Group upped their price objective on International Consolidated Airlines Group from GBX 350 ($4.73) to GBX 400 ($5.40) and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.67) target price 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 six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 348.33 ($4.70).

View Our Latest Stock Report on International Consolidated Airlines Group

International Consolidated Airlines Group Stock Performance

The firm has a market capitalization of £20.06 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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 business's fifty day simple moving average is GBX 281.94 and its 200-day simple moving average is GBX 298.06.

About International Consolidated Airlines Group

(Get Free Report)

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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