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

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 317.74 ($3.89) and last traded at GBX 317 ($3.88), with a volume of 22329131 shares traded. The stock had previously closed at GBX 309.40 ($3.79).

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and boosted their target price for the company from GBX 215 ($2.63) to GBX 400 ($4.90) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Up 1.9 %

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The stock has a 50-day moving average of GBX 273.80 and a 200-day moving average of GBX 216.04. The firm has a market cap of £15.45 billion, a price-to-earnings ratio of 750.83, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

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.