International Consolidated Airlines Group’s (IAG) Buy Rating Reiterated at Citigroup

International Consolidated Airlines Group (LON:IAG)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup in a report released on Monday,London Stock Exchange reports. They currently 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.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group 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 ($2.78) to GBX 400 ($5.17) in a report on Wednesday, December 11th. Jefferies Financial Group upped their price target on International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Barclays lowered shares of International Consolidated Airlines Group to an “underweight” rating and reduced their price objective for the company from GBX 420 ($5.43) to GBX 250 ($3.23) in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 334 ($4.32).

International Consolidated Airlines Group Stock Performance

Shares of LON IAG traded down GBX 3.53 ($0.05) during mid-day trading on Monday, reaching GBX 257.27 ($3.32). 28,408,338 shares of the company’s stock were exchanged, compared to its average volume of 25,767,900. International Consolidated Airlines Group has a 52 week low of GBX 156.09 ($2.02) and a 52 week high of GBX 368.06 ($4.76). 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 50-day moving average price of GBX 320.86 and a two-hundred day moving average price of GBX 272.71. The firm has a market capitalization of £15.20 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

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.