International Consolidated Airlines Group (LON:IAG) Given New GBX 600 Price Target at Citigroup

International Consolidated Airlines Group (LON:IAG) had its price target dropped by research analysts at Citigroup from GBX 610 to GBX 600 in a research note issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 37.08% from the company’s previous close.

IAG has been the topic of a number of other research reports. Royal Bank Of Canada decreased their price target on shares of International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating on the stock in a research note on Monday, May 11th. UBS Group reissued a “sell” rating and issued a GBX 355 target price on shares of International Consolidated Airlines Group in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 460 price objective on shares of International Consolidated Airlines Group in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 466.

International Consolidated Airlines Group Stock Performance

IAG opened at GBX 437.70 on Monday. The stock has a market cap of £19.39 billion, a PE ratio of 6.07, a P/E/G ratio of 0.21 and a beta of 1.33. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 160.78. International Consolidated Airlines Group has a 1 year low of GBX 332.70 and a 1 year high of GBX 492.90. The stock’s 50 day simple moving average is GBX 445.02 and its 200-day simple moving average is GBX 412.54.

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.