International Consolidated Airlines Group (LON:IAG) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of International Consolidated Airlines Group (LON:IAG) in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a GBX 450 price objective on the stock.

Several other equities analysts have also recently issued reports on IAG. Royal Bank Of Canada boosted their target price on International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Citigroup boosted their price target on shares of International Consolidated Airlines Group from GBX 390 to GBX 620 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 460 price target on shares of International Consolidated Airlines Group in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 446.67.

International Consolidated Airlines Group Trading Down 7.8%

Shares of IAG stock traded down GBX 32.15 during mid-day trading on Friday, reaching GBX 381.95. The stock had a trading volume of 52,119,137 shares, compared to its average volume of 22,545,418. The firm has a market capitalization of £17.53 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The stock’s 50-day moving average price is GBX 396.23 and its two-hundred day moving average price is GBX 359.76. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. International Consolidated Airlines Group has a 52-week low of GBX 210 and a 52-week high of GBX 429.30.

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.