International Consolidated Airlines Group (LON:IAG) Price Target Raised to GBX 230 at Royal Bank of Canada

International Consolidated Airlines Group (LON:IAGFree Report) had its target price hoisted by Royal Bank of Canada from GBX 220 ($2.76) to GBX 230 ($2.89) in a research report released on Monday morning, Digital Look reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently issued reports on IAG. Bank of America reiterated a buy rating and issued a GBX 230 ($2.89) price objective on shares of International Consolidated Airlines Group in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of International Consolidated Airlines Group from GBX 200 ($2.51) to GBX 215 ($2.70) and gave the company a hold rating in a research note on Tuesday, April 23rd.

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International Consolidated Airlines Group Stock Performance

Shares of IAG stock opened at GBX 185.65 ($2.33) on Monday. The stock has a 50 day moving average price of GBX 167.75 and a two-hundred day moving average price of GBX 157.44. International Consolidated Airlines Group has a fifty-two week low of GBX 137 ($1.72) and a fifty-two week high of GBX 187.52 ($2.36). The company has a debt-to-equity ratio of 490.60, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of £9.13 billion, a P/E ratio of 423.75, a PEG ratio of 0.21 and a beta of 2.31.

About International Consolidated Airlines Group

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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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