JPMorgan Chase & Co. Reaffirms "Overweight" Rating for International Consolidated Airlines Group (LON:IAG)

JPMorgan Chase & Co. reiterated their overweight rating on shares of International Consolidated Airlines Group (LON:IAG - Free Report) in a research report sent to investors on Monday morning, MarketBeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a "buy" rating and increased their target price for the company from GBX 215 ($2.77) to GBX 400 ($5.16) in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, International Consolidated Airlines Group currently has an average rating of "Buy" and a consensus target price of GBX 362.50 ($4.67).

International Consolidated Airlines Group Price Performance

Shares of LON:IAG traded down GBX 2.07 ($0.03) during trading on Monday, hitting GBX 325.23 ($4.19). 28,547,875 shares of the company were exchanged, compared to its average volume of 24,665,088. 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 1-year low of GBX 148.75 ($1.92) and a 1-year high of GBX 368.06 ($4.74). The company has a market capitalization of £19.22 billion, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The business's 50 day moving average is GBX 326.41 and its 200-day moving average is GBX 257.68.

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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.