International Consolidated Airlines Group (LON:IAG) Hits New 1-Year Low - Time to Sell?
International Consolidated Airlines Group (LON:IAG) reached a new 52-week low of GBX 236.68 ($3.01) on Tuesday, with analysts divided on its outlook. Jefferies raised its price target to GBX 400 ($5.09) while Barclays downgraded it to GBX 250 ($3.18). The stock has a consensus rating of "Moderate Buy" and a target price of GBX 334 ($4.25). The company recently declared a dividend of €0.06 ($0.07) per share, reflecting a yield of 1.72%.
International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) reached 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 ($3.01), with a volume of 1363433250 shares trading hands. The stock had previously closed at GBX 224.40 ($2.86).
Wall Street Analysts Forecast Growth
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A number of equities analysts have issued reports on IAG shares. Jefferies Financial Group increased their price objective on International Consolidated Airlines Group from GBX 350 ($4.46) to GBX 400 ($5.09) and gave the stock a "buy" rating in a report on Monday, March 3rd. Barclays downgraded shares of International Consolidated Airlines Group to an "underweight" rating and reduced their target price for the stock from GBX 420 ($5.35) to GBX 250 ($3.18) in a research report on Wednesday, March 12th. Citigroup reissued a "buy" rating and set a GBX 390 ($4.96) price target on shares of International Consolidated Airlines Group in a research report on Monday, March 31st. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and upped their price objective for the stock from GBX 215 ($2.74) to GBX 400 ($5.09) in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, International Consolidated Airlines Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 334 ($4.25).
Read Our Latest Stock Report on International Consolidated Airlines Group
International Consolidated Airlines Group Stock Up 6.6 %
The company has a market capitalization of £14.13 billion, a PE ratio of 5.05, 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 quick ratio of 0.63 and a current ratio of 0.70. The company's 50-day moving average is GBX 312.59 and its 200 day moving average is GBX 274.59.
International Consolidated Airlines Group Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be issued a dividend of €0.06 ($0.07) per share. This is a boost from International Consolidated Airlines Group's previous dividend of $0.03. The ex-dividend date is Thursday, June 26th. This represents a dividend yield of 1.72%. International Consolidated Airlines Group's dividend payout ratio is presently 10.56%.
International Consolidated Airlines Group Company Profile
(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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