Barclays Downgrades International Consolidated Airlines Group (LON:IAG) to Underweight

International Consolidated Airlines Group (LON:IAG) was downgraded by stock analysts at Barclays to an “underweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a GBX 250 ($3.24) price target on the stock, down from their prior price target of GBX 420 ($5.44). Barclays‘s price target would indicate a potential downside of 9.62% from the stock’s current price.

Several other research firms have also issued reports on IAG. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Jefferies Financial Group increased their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.53) to GBX 400 ($5.18) and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and increased their price target for the stock from GBX 215 ($2.78) to GBX 400 ($5.18) in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 320 ($4.15).

International Consolidated Airlines Group Stock Down 0.4 %

Shares of IAG opened at GBX 276.60 ($3.58) on Wednesday. International Consolidated Airlines Group has a 52 week low of GBX 148.75 ($1.93) and a 52 week high of GBX 368.06 ($4.77). The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market capitalization of £16.34 billion, a P/E ratio of 5.84, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a 50-day simple moving average of GBX 326.08 and a 200-day simple moving average of GBX 262.53.

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.