International Consolidated Airlines Group (LON:IAG) Hits New 1-Year Low – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 2.92 ($0.04) and last traded at GBX 292.57 ($3.80), with a volume of 129369977 shares traded. The stock had previously closed at GBX 293.80 ($3.82).

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and boosted their price target for the company from GBX 215 ($2.80) to GBX 400 ($5.20) in a research report on Wednesday, December 11th. Jefferies Financial Group raised their price objective on International Consolidated Airlines Group from GBX 350 ($4.55) to GBX 400 ($5.20) and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Barclays cut International Consolidated Airlines Group to an “underweight” rating and decreased their target price for the stock from GBX 420 ($5.46) to GBX 250 ($3.25) in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, International Consolidated Airlines Group currently has an average rating of “Moderate Buy” and an average target price of GBX 320 ($4.16).

International Consolidated Airlines Group Stock Performance

The stock has a 50 day simple moving average of GBX 325.40 and a 200 day simple moving average of GBX 266.15. 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 company has a market cap of £17.50 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be issued a €0.06 ($0.07) dividend. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. This is a boost from International Consolidated Airlines Group’s previous dividend of $0.03. International Consolidated Airlines Group’s dividend payout ratio is currently 10.56%.

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.