International Consolidated Airlines Group (LON:IAG) Reaches New 12-Month High at $190.35

Shares of International Consolidated Airlines Group S.A. (LON:IAG) hit a new 52-week high on Monday . The stock traded as high as GBX 190.35 ($2.49) and last traded at GBX 189.75 ($2.48), with a volume of 48409391 shares traded. The stock had previously closed at GBX 189.15 ($2.47).

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Thursday, June 13th. Royal Bank of Canada restated an “outperform” rating and set a GBX 230 ($3.01) price objective on shares of International Consolidated Airlines Group in a report on Tuesday, June 18th.

International Consolidated Airlines Group Stock Performance

The firm has a fifty day moving average of GBX 173.62 and a 200 day moving average of GBX 170.15. The company has a debt-to-equity ratio of 337.70, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market capitalization of £9.52 billion, a price-to-earnings ratio of 458.33, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 9th. Stockholders of record on Thursday, September 5th were issued a dividend of €0.03 ($0.03) per share. This represents a dividend yield of 1.58%. The ex-dividend date was Thursday, September 5th. International Consolidated Airlines Group’s dividend payout ratio (DPR) is 1,190.48%.

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.