International Consolidated Airlines Group (LON:IAG) Reaches New 12-Month Low – Here’s What Happened

Shares of International Consolidated Airlines Group S.A. (LON:IAG) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 2.92 ($0.04) and last traded at GBX 292.57 ($3.80), with a volume of 129369977 shares. The stock had previously closed at GBX 293.80 ($3.82).

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IAG shares. Jefferies Financial Group raised their target price on International Consolidated Airlines Group from GBX 350 ($4.55) to GBX 400 ($5.20) and gave the company a “buy” rating in a research note on Monday, March 3rd. Barclays lowered International Consolidated Airlines Group to an “underweight” rating and lowered their price objective for the company from GBX 420 ($5.46) to GBX 250 ($3.25) in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and upped their target price for the company from GBX 215 ($2.80) to GBX 400 ($5.20) in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 320 ($4.16).

International Consolidated Airlines Group Stock Performance

The company has a market cap of £17.50 billion, a P/E ratio of 6.26, a PEG ratio of 0.21 and a beta of 2.31. The company has a 50 day moving average price of GBX 325.40 and a 200-day moving average price of GBX 266.15. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

International Consolidated Airlines Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be paid a dividend of €0.06 ($0.07) per share. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. This is a positive change from International Consolidated Airlines Group’s previous dividend of $0.03. International Consolidated Airlines Group’s dividend payout ratio (DPR) is currently 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.