Jefferies Financial Group Issues Positive Forecast for International Consolidated Airlines Group (LON:IAG) Stock Price

International Consolidated Airlines Group (LON:IAG - Free Report) had its price target upped by Jefferies Financial Group from GBX 350 ($4.51) to GBX 400 ($5.15) in a research report sent to investors on Monday,Digital Look reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on IAG. Barclays upped their price target on International Consolidated Airlines Group from GBX 375 ($4.83) to GBX 420 ($5.41) and gave the stock an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a "buy" rating and upped their target price for the stock from GBX 215 ($2.77) to GBX 400 ($5.15) in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, International Consolidated Airlines Group has an average rating of "Buy" and an average target price of GBX 362.50 ($4.67).

International Consolidated Airlines Group Trading Down 1.7 %

Shares of International Consolidated Airlines Group stock traded down GBX 5.60 ($0.07) during trading on Monday, reaching GBX 318.40 ($4.10). 28,193,400 shares of the stock were exchanged, compared to its average volume of 24,726,182. The firm has a market cap of £18.81 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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 stock's fifty day moving average is GBX 326.88 and its 200 day moving average is GBX 258.14. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

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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.