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

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as GBX 2.35 ($0.03) and last traded at GBX 236.68 ($3.10), with a volume of 1363433250 shares trading hands. The stock had previously closed at GBX 224.40 ($2.94).

Analysts Set New Price Targets

Several research firms have commented on IAG. Jefferies Financial Group boosted their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.58) to GBX 400 ($5.24) and gave the stock a "buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Barclays lowered International Consolidated Airlines Group to an "underweight" rating and dropped their target price for the company from GBX 420 ($5.50) to GBX 250 ($3.27) in a report on Wednesday, March 12th. Finally, Citigroup reaffirmed a "buy" rating and set a GBX 390 ($5.10) price target on shares of International Consolidated Airlines Group in a report on Monday, March 31st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 334 ($4.37).

International Consolidated Airlines Group Stock Down 2.0 %

The firm's 50 day simple moving average is GBX 301.04 and its 200-day simple moving average is GBX 275.53. The company has a market cap of £14.23 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63.

International Consolidated Airlines Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a €0.06 ($0.07) dividend. 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. This represents a dividend yield of 1.72%. International Consolidated Airlines Group's dividend payout ratio is 10.56%.

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.