Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for International Consolidated Airlines Group (LON:IAG) Stock

International Consolidated Airlines Group (LON:IAG) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 385 ($5.25) to GBX 460 ($6.28) in a research note published on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Citigroup reaffirmed a “buy” rating and set a GBX 390 ($5.32) target price on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Barclays cut shares of International Consolidated Airlines Group to an “underweight” rating and decreased their price target for the stock from GBX 420 ($5.73) to GBX 250 ($3.41) in a report on Wednesday, March 12th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 420 ($5.73) target price on shares of International Consolidated Airlines Group in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Consolidated Airlines Group has a consensus rating of “Moderate Buy” and an average price target of GBX 384 ($5.24).

International Consolidated Airlines Group Trading Up 0.2%

Shares of IAG opened at GBX 346.60 ($4.73) on Friday. The business’s 50-day moving average price is GBX 316.63 and its 200-day moving average price is GBX 306.53. International Consolidated Airlines Group has a twelve month low of GBX 158.95 ($2.17) and a twelve month high of GBX 368.06 ($5.02). The stock has a market cap of £20.48 billion, a PE ratio of 7.32, a P/E/G ratio of 0.21 and a beta of 2.31. 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 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.