International Consolidated Airlines Group (LON:IAG) Price Target Raised to GBX 500

Key Points

• Royal Bank Of Canada has raised its price target for International Consolidated Airlines Group (IAG) from GBX 440 to GBX 500, indicating a potential upside of 33.86% from the stock's previous close.
• The company currently holds a consensus rating of "Moderate Buy", with one analyst advising a sell and six providing buy ratings.
• As of Thursday, IAG's stock opened at GBX 373.51, with a fifty-two week low of GBX 161.75 and a high of GBX 393.20, showing significant recovery potential post-COVID.

International Consolidated Airlines Group (LON:IAG - Get Free Report) had its price objective upped by stock analysts at Royal Bank Of Canada from GBX 440 ($5.88) to GBX 500 ($6.68) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 33.86% from the stock's previous close.

A number of other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 460 ($6.14) target price on shares of International Consolidated Airlines Group in a report on Monday. Peel Hunt reiterated a "buy" rating and issued a GBX 420 ($5.61) price objective on shares of International Consolidated Airlines Group in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 403.33 ($5.39).

International Consolidated Airlines Group Price Performance

Shares of LON IAG opened at GBX 373.51 ($4.99) on Thursday. International Consolidated Airlines Group has a fifty-two week low of GBX 161.75 ($2.16) and a fifty-two week high of GBX 393.20 ($5.25). The company has a market cap of £22.07 billion, a PE ratio of 7.89, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The business has a 50-day simple moving average of GBX 348.79 and a two-hundred day simple moving average of GBX 317.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.