International Consolidated Airlines Group (LON:IAG) Sets New 52-Week Low – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 2.92 ($0.04) and last traded at GBX 296.40 ($3.74), with a volume of 16139967 shares. The stock had previously closed at GBX 293.20 ($3.70).

Analysts Set New Price Targets

IAG has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and upped their target price for the company from GBX 215 ($2.71) to GBX 400 ($5.05) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Stock Performance

The firm has a market cap of £14.52 billion, a price-to-earnings ratio of 698.10, a PEG ratio of 0.21 and a beta of 2.31. The stock’s fifty day moving average is GBX 230.44 and its two-hundred day moving average is GBX 195.51. The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70.

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.