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

International Consolidated Airlines Group S.A. (LON:IAG) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 308.80 ($3.85) and last traded at GBX 308.70 ($3.85), with a volume of 64625289 shares trading hands. The stock had previously closed at GBX 304.50 ($3.80).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IAG shares. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and upped their target price for the stock from GBX 215 ($2.68) to GBX 400 ($4.99) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlines Group in a research note on Wednesday, December 4th.

International Consolidated Airlines Group Trading Up 1.1 %

The company’s fifty day simple moving average is GBX 264.14 and its two-hundred day simple moving average is GBX 211.11. The company has a market capitalization of £15.09 billion, a price-to-earnings ratio of 733.10, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.

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.