Jefferies Financial Group Increases International Consolidated Airlines Group (LON:IAG) Price Target to GBX 400

International Consolidated Airlines Group (LON:IAG) had its target price increased by Jefferies Financial Group from GBX 350 ($4.45) to GBX 400 ($5.08) in a report released on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 15.24% from the company’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Monday. Barclays lifted their price objective on shares of International Consolidated Airlines Group from GBX 375 ($4.77) to GBX 420 ($5.34) and gave the company an “overweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and lifted their price objective for the company from GBX 215 ($2.73) to GBX 400 ($5.08) in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 362.50 ($4.61).

International Consolidated Airlines Group Trading Down 1.9 %

IAG stock traded down GBX 6.90 ($0.09) during midday trading on Monday, reaching GBX 347.10 ($4.41). 27,028,434 shares of the company’s stock traded hands, compared to its average volume of 24,422,139. The company has a market capitalization of £20.51 billion, a P/E ratio of 7.33, a PEG ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. 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 business has a 50-day moving average price of GBX 324.65 and a two-hundred day moving average price of GBX 254.82.

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.