International Consolidated Airlines Group (LON:IAG) Price Target Raised to GBX 500 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target for International Consolidated Airlines Group from GBX 465 to GBX 500 while maintaining an “outperform” rating, implying 18.26% potential upside.
• Analyst sentiment is generally positive: four analysts rate IAG a Buy and one rates it a Sell, producing a MarketBeat consensus of “Moderate Buy” and an average target of GBX 510.
• IAG shares opened at GBX 422.80, compared with a 52-week range of GBX 332.70 to GBX 492.90; the company has an £18.62 billion market capitalization and a 6.59 price-to-earnings ratio.

International Consolidated Airlines Group (LON:IAG - Get Free Report) had its price target raised by analysts at Royal Bank Of Canada from GBX 465 to GBX 500 in a report issued on Friday,London Stock Exchange reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 18.26% from the company's current price.

Several other research analysts have also commented on the company. Citigroup cut their price objective on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a "buy" rating for the company in a report on Monday, August 3rd. UBS Group reissued a "sell" rating and issued a GBX 355 price target on shares of International Consolidated Airlines Group in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 645 price objective on shares of International Consolidated Airlines Group in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, International Consolidated Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 510.

International Consolidated Airlines Group Price Performance

International Consolidated Airlines Group stock opened at GBX 422.80 on Friday. International Consolidated Airlines Group has a 52 week low of GBX 332.70 and a 52 week high of GBX 492.90. The business has a 50-day simple moving average of GBX 450.89 and a 200 day simple moving average of GBX 414.94. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 160.78. The stock has a market cap of £18.62 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.21 and a beta of 1.32.

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.

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