International Consolidated Airlines Group (LON:IAG) Downgraded to “Underweight” Rating by Barclays

Barclays cut shares of International Consolidated Airlines Group (LON:IAG) to an underweight rating in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has GBX 250 ($3.24) target price on the stock, down from their previous target price of GBX 420 ($5.45).

Several other research firms also recently issued reports on IAG. Jefferies Financial Group increased their target price on International Consolidated Airlines Group from GBX 350 ($4.54) to GBX 400 ($5.19) and gave the stock a “buy” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and increased their price objective for the stock from GBX 215 ($2.79) to GBX 400 ($5.19) in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 320 ($4.15).

International Consolidated Airlines Group Trading Down 4.8 %

LON:IAG opened at GBX 277.60 ($3.60) on Wednesday. The company has a market cap of £16.40 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.21 and a beta of 2.31. The stock’s fifty day moving average price is GBX 326.60 and its two-hundred day moving average price is GBX 262.43. International Consolidated Airlines Group has a 1 year low of GBX 148.75 ($1.93) and a 1 year high of GBX 368.06 ($4.77). 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 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.