International Consolidated Airlines Group (LON:IAG) Reaches New 12-Month Low - Here's What Happened

Shares of International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2.92 ($0.04) and last traded at GBX 292.57 ($3.78), with a volume of 129369977 shares trading hands. The stock had previously closed at GBX 293.80 ($3.79).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IAG. Jefferies Financial Group boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the company a "buy" rating in a report on Monday, March 3rd. Barclays downgraded shares of International Consolidated Airlines Group to an "underweight" rating and lowered their price target for the stock from GBX 420 ($5.42) to GBX 250 ($3.23) in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a "buy" rating and lifted their price objective for the company from GBX 215 ($2.78) to GBX 400 ($5.17) in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 320 ($4.13).

International Consolidated Airlines Group Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The firm has a market cap of £16.85 billion, a PE ratio of 6.02, a P/E/G ratio of 0.21 and a beta of 2.31. The firm has a 50-day moving average price of GBX 324.25 and a two-hundred day moving average price of GBX 268.47.

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International Consolidated Airlines Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be paid a dividend of €0.06 ($0.07) per share. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. This is a boost from International Consolidated Airlines Group's previous dividend of $0.03. International Consolidated Airlines Group's payout ratio is 10.56%.

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.