Sanford C. Bernstein reaffirmed their buy rating on shares of International Consolidated Airlns Grp (LON:IAG) in a research report released on Thursday morning, Borsen Zeitung reports. They currently have a GBX 700 ($9.21) price target on the stock.
A number of other brokerages have also recently issued reports on IAG. HSBC upgraded International Consolidated Airlns Grp to a buy rating and boosted their price objective for the stock from GBX 550 ($7.23) to GBX 750 ($9.87) in a report on Friday, December 13th. Deutsche Bank lifted their price target on shares of International Consolidated Airlns Grp from GBX 670 ($8.81) to GBX 685 ($9.01) and gave the company a buy rating in a research report on Thursday, December 12th. Citigroup reiterated a buy rating and issued a GBX 750 ($9.87) price target on shares of International Consolidated Airlns Grp in a research report on Tuesday. Goldman Sachs Group reiterated a buy rating and issued a GBX 700 ($9.21) price target on shares of International Consolidated Airlns Grp in a research report on Monday, December 16th. Finally, UBS Group set a GBX 700 ($9.21) price target on shares of International Consolidated Airlns Grp and gave the company a buy rating in a research report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of GBX 704.93 ($9.27).
Shares of LON:IAG traded up GBX 10.80 ($0.14) during trading on Thursday, reaching GBX 639.60 ($8.41). 7,915,756 shares of the stock were exchanged, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a 12 month low of GBX 5.58 ($0.07) and a 12 month high of GBX 684 ($9.00). The firm has a market cap of $12.69 billion and a PE ratio of 4.00. The stock has a 50-day moving average price of GBX 623.62 and a 200-day moving average price of GBX 531.41. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 194.65.
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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