International Consolidated Airlines Group (LON:IAG) Given New GBX 420 Price Target at Barclays

International Consolidated Airlines Group (LON:IAG) had its price objective boosted by research analysts at Barclays from GBX 375 ($4.73) to GBX 420 ($5.29) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 21.00% from the stock’s previous close.

Several other research firms have also commented on IAG. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and increased their price target for the company from GBX 215 ($2.71) to GBX 400 ($5.04) in a report on Wednesday, December 11th.

International Consolidated Airlines Group Price Performance

IAG stock traded down GBX 6.90 ($0.09) during trading on Monday, hitting GBX 347.10 ($4.38). 27,028,434 shares of the company’s stock traded hands, compared to its average volume of 24,422,139. International Consolidated Airlines Group has a 52 week low of GBX 141.40 ($1.78) and a 52 week high of GBX 368.06 ($4.64). The stock has a market capitalization of £20.51 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.21 and a beta of 2.31. The business has a fifty day simple moving average of GBX 324.65 and a 200 day simple moving average of GBX 254.82. The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70.

International Consolidated Airlines Group Company Profile

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.