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

Shares of International Consolidated Airlines Group S.A. (LON:IAG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 3.89 ($0.05) and last traded at GBX 332.40 ($4.11), with a volume of 38898152 shares changing hands. The stock had previously closed at GBX 328.50 ($4.06).

Analyst Ratings Changes

IAG has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and increased their target price for the company from GBX 215 ($2.66) to GBX 400 ($4.94) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Price Performance

The stock’s 50-day moving average is GBX 286.15 and its 200 day moving average is GBX 222.22. 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 stock has a market capitalization of £16.16 billion, a PE ratio of 785.24, a P/E/G ratio of 0.21 and a beta of 2.31.

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.