International Consolidated Airlines Group (LON:IAG) Sets New 52-Week High - Time to Buy?

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 325.80 ($4.02) and last traded at GBX 322.40 ($3.98), with a volume of 19802408 shares changing hands. The stock had previously closed at GBX 316.91 ($3.91).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IAG. JPMorgan Chase & Co. reiterated a "buy" rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and boosted their price target for the stock from GBX 215 ($2.65) to GBX 400 ($4.93) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Stock Up 2.3 %

The company has a market cap of £16.17 billion, a PE ratio of 785.95, a PEG ratio of 0.21 and a beta of 2.31. The stock's 50 day moving average price is GBX 282.09 and its 200-day moving average price is GBX 220.29. The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70.

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.