International Consolidated Airlines Group (LON:IAG) Sets New 12-Month High – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 317.74 ($3.89) and last traded at GBX 317 ($3.88), with a volume of 22329131 shares. The stock had previously closed at GBX 309.40 ($3.79).

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IAG shares. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and upped their price objective for the company from GBX 215 ($2.63) to GBX 400 ($4.89) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th.

International Consolidated Airlines Group Stock Up 1.4 %

The company has a market cap of £15.53 billion, a P/E ratio of 754.55, a PEG 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 275.89 and its 200-day moving average price is GBX 216.74.

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.