International Consolidated Airlines Group (LON:IAG) Hits 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 trading on Wednesday . The company traded as high as GBX 308.80 ($3.80) and last traded at GBX 308.70 ($3.80), with a volume of 64625289 shares. The stock had previously closed at GBX 304.50 ($3.75).

Wall Street Analysts Forecast Growth

Several research analysts have commented on IAG shares. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and lifted their price objective for the stock from GBX 215 ($2.65) to GBX 400 ($4.92) in a research note 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 Price Performance

The company has a market cap of £15.33 billion, a P/E ratio of 744.76, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70. The business’s fifty day moving average is GBX 267.92 and its two-hundred day moving average is GBX 212.44.

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.