International Consolidated Airlines Group (LON:IAG) Price Target Raised to GBX 500

International Consolidated Airlines Group (LON:IAG) had its price target boosted by Royal Bank Of Canada from GBX 465 to GBX 500 in a research note published on Friday, Marketbeat reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also commented on IAG. UBS Group reaffirmed a “sell” rating and set a GBX 355 price target on shares of International Consolidated Airlines Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 645 price objective on shares of International Consolidated Airlines Group in a report on Monday, August 3rd. Finally, Citigroup cut their target price on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Consolidated Airlines Group presently has an average rating of “Moderate Buy” and an average target price of GBX 510.

International Consolidated Airlines Group Price Performance

IAG stock opened at GBX 422.90 on Friday. The company has a market cap of £18.62 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.21 and a beta of 1.32. The company has a debt-to-equity ratio of 160.78, a quick ratio of 0.63 and a current ratio of 0.77. The business’s 50-day moving average is GBX 450.67 and its two-hundred day moving average is GBX 414.87. International Consolidated Airlines Group has a fifty-two week low of GBX 332.70 and a fifty-two week high of GBX 492.90.

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.