International Consolidated Airlines Group (LON:IAG) Cut to "Underweight" at Barclays

Barclays downgraded shares of International Consolidated Airlines Group (LON:IAG - Free Report) to an underweight rating in a research note issued to investors on Wednesday, MarketBeat reports. Barclays currently has GBX 250 ($3.23) price objective on the stock, down from their previous price objective of GBX 420 ($5.43).

Several other equities analysts also recently commented on IAG. JPMorgan Chase & Co. restated an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a "buy" rating and raised their target price for the stock from GBX 215 ($2.78) to GBX 400 ($5.17) in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their price objective on International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the company a "buy" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 320 ($4.14).

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International Consolidated Airlines Group Price Performance

Shares of International Consolidated Airlines Group stock traded up GBX 7.10 ($0.09) during midday trading on Wednesday, hitting GBX 283.20 ($3.66). 17,167,709 shares of the company were exchanged, compared to its average volume of 25,977,416. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a market cap of £16.73 billion, a P/E ratio of 5.98, a PEG ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 52 week low of GBX 151.91 ($1.96) and a 52 week high of GBX 368.06 ($4.76). The firm has a 50 day simple moving average of GBX 325.77 and a 200-day simple moving average of GBX 264.56.

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.