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

International Consolidated Airlines Group (LON:IAG) had its price objective raised by Jefferies Financial Group from GBX 350 ($4.51) to GBX 400 ($5.16) in a research report released on Monday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and upped their price objective for the company from GBX 215 ($2.77) to GBX 400 ($5.16) in a report on Wednesday, December 11th. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday. Finally, Barclays upped their price objective on International Consolidated Airlines Group from GBX 375 ($4.83) to GBX 420 ($5.41) and gave the company an “overweight” rating in a report on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, International Consolidated Airlines Group has a consensus rating of “Buy” and a consensus price target of GBX 362.50 ($4.67).

International Consolidated Airlines Group Trading Up 2.5 %

Shares of International Consolidated Airlines Group stock opened at GBX 327.30 ($4.22) on Monday. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The firm has a market cap of £19.34 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The business has a fifty day simple moving average of GBX 326.41 and a 200-day simple moving average of GBX 257.68. International Consolidated Airlines Group has a fifty-two week low of GBX 145.05 ($1.87) and a fifty-two week high of GBX 368.06 ($4.74).

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.