International Consolidated Airlns Grp (LON:IAG) Receives New Coverage from Analysts at UBS Group

Investment analysts at UBS Group began coverage on shares of International Consolidated Airlns Grp (LON:IAG) in a research report issued to clients and investors on Thursday, Digital Look reports. The firm set a “buy” rating and a GBX 650 ($8.49) price target on the stock. UBS Group’s target price indicates a potential upside of 40.97% from the company’s previous close.

Several other equities research analysts have also issued reports on IAG. HSBC reissued a “hold” rating and set a GBX 490 ($6.40) target price on shares of International Consolidated Airlns Grp in a research note on Monday, September 30th. Sanford C. Bernstein set a GBX 520 ($6.79) target price on shares of International Consolidated Airlns Grp and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reissued a “buy” rating on shares of International Consolidated Airlns Grp in a research note on Monday, September 23rd. Berenberg Bank lowered their target price on shares of International Consolidated Airlns Grp from GBX 780 ($10.19) to GBX 720 ($9.41) and set a “buy” rating on the stock in a research note on Friday, September 27th. Finally, Barclays set a GBX 665 ($8.69) target price on shares of International Consolidated Airlns Grp and gave the stock a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 616.92 ($8.06).

LON:IAG traded up GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 461.10 ($6.03). The company’s stock had a trading volume of 3,702,727 shares, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a 1 year low of GBX 411.50 ($5.38) and a 1 year high of GBX 669.40 ($8.75). The company has a debt-to-equity ratio of 194.65, a current ratio of 0.85 and a quick ratio of 0.69. The stock has a market cap of $9.19 billion and a price-to-earnings ratio of 2.88. The business’s fifty day moving average is GBX 445.45 and its two-hundred day moving average is GBX 475.92.

About International Consolidated Airlns Grp

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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