International Consolidated Airlines Group (LON:IAG) Hits New 52-Week High – Here’s What Happened

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 348.70 ($4.35) and last traded at GBX 347.10 ($4.33), with a volume of 28061061 shares trading hands. The stock had previously closed at GBX 340.60 ($4.25).

Wall Street Analyst Weigh In

IAG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and boosted their price objective for the company from GBX 215 ($2.68) to GBX 400 ($4.99) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th.

International Consolidated Airlines Group Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70. The company has a market capitalization of £17.07 billion, a P/E ratio of 829.29, a P/E/G ratio of 0.21 and a beta of 2.31. The company’s 50-day simple moving average is GBX 300.51 and its 200 day simple moving average is GBX 231.51.

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.