Barclays Forecasts Strong Price Appreciation for International Consolidated Airlines Group (LON:IAG) Stock

International Consolidated Airlines Group (LON:IAG - Free Report) had its price target raised by Barclays from GBX 375 ($4.77) to GBX 420 ($5.34) in a research note released on Monday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. restated an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a "buy" rating and boosted their price target for the stock from GBX 215 ($2.73) to GBX 400 ($5.08) in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 362.50 ($4.61).

International Consolidated Airlines Group Stock Performance

Shares of International Consolidated Airlines Group stock opened at GBX 347.10 ($4.41) on Monday. The company's 50 day moving average price is GBX 325.54 and its two-hundred day moving average price is GBX 256.11. The firm has a market capitalization of £20.51 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a fifty-two week low of GBX 141.40 ($1.80) and a fifty-two week high of GBX 368.06 ($4.68). The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63.

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.

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