International Consolidated Airlines Group (LON:IAG) Sets New 52-Week High – Should You Buy?

International Consolidated Airlines Group S.A. (LON:IAG) shares reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at GBX 309.40 ($3.79).

Wall Street Analysts Forecast Growth

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

International Consolidated Airlines Group Stock Performance

The firm has a fifty day simple moving average of GBX 275.89 and a 200 day simple moving average of GBX 216.74. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The stock has a market cap of £15.53 billion, a price-to-earnings ratio of 754.55, a PEG ratio of 0.21 and a beta of 2.31.

About International Consolidated Airlines Group

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.