International Consolidated Airlns Grp (LON:IAG) Given New GBX 630 Price Target at Deutsche Bank

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International Consolidated Airlns Grp (LON:IAG) had its target price reduced by Deutsche Bank from GBX 675 ($8.82) to GBX 630 ($8.23) in a report published on Friday, Borsen Zeitung reports. Deutsche Bank currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. UBS Group raised International Consolidated Airlns Grp to a buy rating and set a GBX 705 ($9.21) target price on the stock in a research note on Monday, April 29th. Royal Bank of Canada set a GBX 650 ($8.49) target price on International Consolidated Airlns Grp and gave the company a buy rating in a research note on Tuesday, April 23rd. Berenberg Bank reaffirmed a buy rating and set a GBX 780 ($10.19) target price on shares of International Consolidated Airlns Grp in a research note on Thursday, April 18th. Credit Suisse Group set a GBX 780 ($10.19) target price on International Consolidated Airlns Grp and gave the company a buy rating in a research note on Thursday, March 28th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 875 ($11.43) target price on shares of International Consolidated Airlns Grp in a research note on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 672.31 ($8.78).

Shares of IAG opened at GBX 452 ($5.91) on Friday. The business has a 50-day moving average of GBX 475.43. The stock has a market cap of $8.97 billion and a PE ratio of 2.82. International Consolidated Airlns Grp has a 1-year low of GBX 441.50 ($5.77) and a 1-year high of GBX 727 ($9.50). The company has a debt-to-equity ratio of 111.74, a current ratio of 0.91 and a quick ratio of 0.78.

In other International Consolidated Airlns Grp news, insider William Matthew Walsh sold 50,000 shares of International Consolidated Airlns Grp stock in a transaction dated 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).

About International Consolidated Airlns Grp

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.

Further Reading: How to interpret the current ratio

Analyst Recommendations for International Consolidated Airlns Grp (LON:IAG)

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