International Consolidated Airlines Group (LON:IAG) Price Target Raised to GBX 420

International Consolidated Airlines Group (LON:IAG) had its price target lifted by Barclays from GBX 375 ($4.83) to GBX 420 ($5.41) in a research report released on Monday morning, MarketBeat reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages also recently commented on IAG. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and raised their price objective for the stock from GBX 215 ($2.77) to GBX 400 ($5.16) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 362.50 ($4.67).

International Consolidated Airlines Group Price Performance

Shares of IAG stock opened at GBX 327.30 ($4.22) on Monday. The stock has a 50 day moving average of GBX 326.41 and a two-hundred day moving average of GBX 257.68. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. International Consolidated Airlines Group has a 12 month low of GBX 145.05 ($1.87) and a 12 month high of GBX 368.06 ($4.74). The company has a market capitalization of £19.34 billion, a P/E ratio of 6.91, a P/E/G 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.