International Consolidated Airlines Group (LON:IAG) Price Target Raised to GBX 400

International Consolidated Airlines Group (LON:IAG) had its target price increased by Jefferies Financial Group from GBX 350 ($4.51) to GBX 400 ($5.16) in a research report released on Monday,Digital Look reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the company. Barclays upped their price objective on International Consolidated Airlines Group from GBX 375 ($4.83) to GBX 420 ($5.41) and gave the stock an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and upped their price objective for the stock from GBX 215 ($2.77) to GBX 400 ($5.16) in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, International Consolidated Airlines Group has an average rating of “Buy” and an average target price of GBX 362.50 ($4.67).

International Consolidated Airlines Group Price Performance

Shares of IAG opened at GBX 327.30 ($4.22) on Monday. The company has a market cap of £19.34 billion, a P/E ratio of 6.91, a PEG ratio of 0.21 and a beta of 2.31. The stock has a fifty day moving average price of GBX 326.41 and a 200 day moving average price of GBX 257.68. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. 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).

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.