International Consolidated Airlines Group (LON:IAG) Sets New 52-Week Low – What’s Next?

International Consolidated Airlines Group S.A. (LON:IAGGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 3.38 ($0.05) and last traded at GBX 342.05 ($4.64), with a volume of 35873359 shares. The stock had previously closed at GBX 337.80 ($4.58).

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IAG. Barclays lowered International Consolidated Airlines Group to an “underweight” rating and reduced their price objective for the company from GBX 420 ($5.69) to GBX 250 ($3.39) in a research report on Wednesday, March 12th. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Jefferies Financial Group increased their price objective on shares of International Consolidated Airlines Group from GBX 350 ($4.74) to GBX 400 ($5.42) and gave the stock a “buy” rating in a report on Monday, March 3rd. Peel Hunt restated a “buy” rating and issued a GBX 420 ($5.69) target price on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Finally, Citigroup restated a “buy” rating and issued a GBX 390 ($5.29) price target on shares of International Consolidated Airlines Group in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 348.33 ($4.72).

Get Our Latest Analysis on International Consolidated Airlines Group

International Consolidated Airlines Group Price Performance

The company has a 50 day moving average of GBX 286.83 and a two-hundred day moving average of GBX 299.76. The firm has a market cap of £199.60 million, a P/E ratio of 0.07, a PEG 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 338.12.

About International Consolidated Airlines Group

(Get Free Report)

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.

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