Deutsche Bank Boosts International Consolidated Airlns Grp (LON:IAG) Price Target to GBX 685

International Consolidated Airlns Grp (LON:IAG) had its price objective lifted by Deutsche Bank from GBX 670 ($8.81) to GBX 685 ($9.01) in a research report released on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on IAG. Liberum Capital reaffirmed a buy rating on shares of International Consolidated Airlns Grp in a research report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of International Consolidated Airlns Grp in a research report on Monday, September 23rd. Berenberg Bank reduced their price objective on shares of International Consolidated Airlns Grp from GBX 720 ($9.47) to GBX 700 ($9.21) and set a buy rating for the company in a research report on Friday, November 29th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 727 ($9.56) price objective (up from GBX 665 ($8.75)) on shares of International Consolidated Airlns Grp in a research report on Friday, November 29th. Finally, HSBC increased their target price on shares of International Consolidated Airlns Grp from GBX 490 ($6.45) to GBX 550 ($7.23) and gave the company a hold rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. International Consolidated Airlns Grp has an average rating of Buy and a consensus target price of GBX 669.43 ($8.81).

IAG stock traded up GBX 72.80 ($0.96) during trading on Thursday, reaching GBX 629.40 ($8.28). The stock had a trading volume of 24,146,341 shares, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a one year low of GBX 5.58 ($0.07) and a one year high of GBX 667.80 ($8.78). The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 194.65. The company’s 50 day moving average is GBX 545.64 and its two-hundred day moving average is GBX 479.18. The company has a market capitalization of $11.04 billion and a price-to-earnings ratio of 3.93.

The firm also recently disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 28th were issued a €0.15 ($0.17) dividend. This represents a yield of 2.41%. The ex-dividend date of this dividend was Thursday, November 28th. International Consolidated Airlns Grp’s dividend payout ratio (DPR) is presently 0.16%.

International Consolidated Airlns Grp 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, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, LEVEL, and Aer Lingus brands.

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Analyst Recommendations for International Consolidated Airlns Grp (LON:IAG)

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