Deutsche Bank Aktiengesellschaft Raises International Consolidated Airlines Group (LON:IAG) Price Target to GBX 500

International Consolidated Airlines Group (LON:IAG) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 475 to GBX 500 in a note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 34.66% from the company’s previous close.

Several other brokerages have also recently issued reports on IAG. Peel Hunt restated a “buy” rating and issued a GBX 450 price target on shares of International Consolidated Airlines Group in a research report on Friday, November 7th. Citigroup boosted their price objective on shares of International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 500 target price on shares of International Consolidated Airlines Group in a research report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 455.

International Consolidated Airlines Group Stock Performance

International Consolidated Airlines Group stock opened at GBX 371.30 on Monday. The business has a 50 day moving average of GBX 395.30 and a 200-day moving average of GBX 367.27. The company has a market capitalization of £17.04 billion, a P/E ratio of 5.75, a P/E/G ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 1 year low of GBX 210 and a 1 year high of GBX 429.30. 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 Company Profile

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.