International Consolidated Airlines Group (LON:IAG) Earns “Buy” Rating from Citigroup

International Consolidated Airlines Group (LON:IAG)‘s stock had its “buy” rating restated by equities researchers at Citigroup in a report issued on Monday, MarketBeat reports. They presently have a GBX 390 ($5.04) target price on the stock. Citigroup’s price target indicates a potential upside of 51.59% from the company’s previous close.

IAG has been the subject of a number of other reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and boosted their price target for the stock from GBX 215 ($2.78) to GBX 400 ($5.17) in a research note on Wednesday, December 11th. Jefferies Financial Group raised their price objective on International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Barclays lowered International Consolidated Airlines Group to an “underweight” rating and lowered their target price for the company from GBX 420 ($5.43) to GBX 250 ($3.23) in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 334 ($4.32).

International Consolidated Airlines Group Stock Performance

LON:IAG opened at GBX 257.27 ($3.33) on Monday. The company has a market capitalization of £15.20 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.21 and a beta of 2.31. The business has a 50 day moving average of GBX 319.40 and a 200 day moving average of GBX 273.19. 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 1-year low of GBX 156.09 ($2.02) and a 1-year high of GBX 368.06 ($4.76).

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.