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

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 issued on Monday morning,Digital Look reports. Jefferies Financial Group currently has a buy rating on the stock.

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

International Consolidated Airlines Group Price Performance

Shares of IAG opened at GBX 347.10 ($4.41) on Monday. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a market capitalization of £20.51 billion, a PE ratio of 7.33, a PEG ratio of 0.21 and a beta of 2.31. The company’s 50-day moving average is GBX 325.54 and its 200-day moving average is GBX 256.11. 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).

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.