International Consolidated Airlns Grp (IAG) Sets New 1-Year Low at $485.80

International Consolidated Airlns Grp SA (LON:IAG) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 485.80 ($6.35) and last traded at GBX 488.40 ($6.38), with a volume of 1040518 shares. The stock had previously closed at GBX 493.20 ($6.44).

Several research analysts have commented on IAG shares. Sanford C. Bernstein set a GBX 750 ($9.80) price objective on International Consolidated Airlns Grp and gave the stock a “buy” rating in a report on Thursday, January 24th. Berenberg Bank restated a “buy” rating and set a GBX 780 ($10.19) price objective on shares of International Consolidated Airlns Grp in a report on Friday, January 25th. HSBC reduced their price objective on International Consolidated Airlns Grp from GBX 550 ($7.19) to GBX 525 ($6.86) and set a “reduce” rating on the stock in a report on Wednesday, January 30th. Credit Suisse Group set a GBX 780 ($10.19) price objective on International Consolidated Airlns Grp and gave the stock a “buy” rating in a report on Monday, February 11th. Finally, Liberum Capital restated a “buy” rating on shares of International Consolidated Airlns Grp in a report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. International Consolidated Airlns Grp currently has a consensus rating of “Buy” and a consensus price target of GBX 695.36 ($9.09).

The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 111.74. The stock has a market cap of $9.71 billion and a PE ratio of 3.04.

The business also recently announced a dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, July 4th will be given a dividend of €0.52 ($0.60) per share. This represents a yield of 7.33%. The ex-dividend date of this dividend is Thursday, July 4th. This is a boost from International Consolidated Airlns Grp’s previous dividend of $0.15. International Consolidated Airlns Grp’s dividend payout ratio (DPR) is 0.17%.

In other International Consolidated Airlns Grp news, insider William Matthew Walsh sold 50,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of GBX 506 ($6.61), for a total transaction of £253,000 ($330,589.31).

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About International Consolidated Airlns Grp (LON:IAG)

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, LEVEL, and Aer Lingus brands.

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