International Consolidated Airlines Group (LON:IAG) Reaches New 1-Year High – Should You Buy?

International Consolidated Airlines Group S.A. (LON:IAG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 325.80 ($4.01) and last traded at GBX 322.40 ($3.97), with a volume of 19802408 shares changing hands. The stock had previously closed at GBX 316.91 ($3.90).

Analyst Upgrades and Downgrades

Several research firms recently commented on IAG. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and increased their target price for the company from GBX 215 ($2.65) to GBX 400 ($4.92) in a report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Up 0.2 %

The company has a market capitalization of £16.18 billion, a P/E ratio of 786.19, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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’s fifty day moving average is GBX 284.25 and its 200 day moving average is GBX 221.47.

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.