Jefferies Financial Group Increases International Consolidated Airlines Group (LON:IAG) Price Target to GBX 400

International Consolidated Airlines Group (LON:IAG) had its price objective increased by Jefferies Financial Group from GBX 350 ($4.45) to GBX 400 ($5.08) in a research report issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 15.24% from the stock’s current price.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and boosted their target price for the company from GBX 215 ($2.73) to GBX 400 ($5.08) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday. Finally, Barclays boosted their price target on shares of International Consolidated Airlines Group from GBX 375 ($4.77) to GBX 420 ($5.34) and gave the company an “overweight” rating in a report on Monday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, International Consolidated Airlines Group presently has an average rating of “Buy” and an average price target of GBX 362.50 ($4.61).

International Consolidated Airlines Group Stock Performance

IAG stock traded down GBX 6.90 ($0.09) during trading on Monday, hitting GBX 347.10 ($4.41). 27,028,434 shares of the company’s stock traded hands, compared to its average volume of 24,422,139. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. International Consolidated Airlines Group has a 52 week low of GBX 141.40 ($1.80) and a 52 week high of GBX 368.06 ($4.68). The stock has a fifty day moving average price of GBX 324.65 and a two-hundred day moving average price of GBX 254.82. The stock has a market capitalization of £20.51 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

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.