International Consolidated Airlines Group (LON:IAG) Given “Buy” Rating at Citigroup

International Consolidated Airlines Group (LON:IAG)‘s stock had its “buy” rating reaffirmed by Citigroup in a report released on Monday,London Stock Exchange reports. They presently have a GBX 390 ($5.04) price objective on the stock. Citigroup’s price objective would indicate a potential upside of 51.59% from the stock’s previous close.

Several other equities analysts have also weighed in on IAG. Jefferies Financial Group upped their price objective on shares of International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the company a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. Barclays lowered International Consolidated Airlines Group to an “underweight” rating and cut their price target for the company from GBX 420 ($5.43) to GBX 250 ($3.23) in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and increased their price objective for the company from GBX 215 ($2.78) to GBX 400 ($5.17) in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 334 ($4.32).

International Consolidated Airlines Group Trading Down 1.4 %

IAG stock traded down GBX 3.53 ($0.05) during trading on Monday, hitting GBX 257.27 ($3.32). The company had a trading volume of 28,408,338 shares, compared to its average volume of 25,767,900. 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 12 month low of GBX 156.09 ($2.02) and a 12 month high of GBX 368.06 ($4.76). The stock has a market cap of £15.20 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.21 and a beta of 2.31. The firm has a 50-day moving average price of GBX 320.86 and a 200-day moving average price of GBX 272.71.

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.