UBS Group Reaffirms "Buy" Rating for International Consolidated Airlines Group (LON:IAG)

Last updated on Thursday, March 18, 2021 | 2021 MarketBeat

International Consolidated Airlines Group (LON:IAG)'s stock had its "buy" rating reissued by analysts at UBS Group in a research note issued on Thursday, Price Targets.com reports. They presently have a GBX 285 ($3.72) price objective on the stock. UBS Group's target price indicates a potential upside of 32.15% from the stock's previous close.

IAG has been the topic of several other research reports. Bank of America boosted their price target on International Consolidated Airlines Group from GBX 230 ($3.00) to GBX 250 ($3.27) and gave the stock a "buy" rating in a research note on Monday, March 1st. Berenberg Bank boosted their price target on International Consolidated Airlines Group from GBX 190 ($2.48) to GBX 230 ($3.00) and gave the company a "buy" rating in a report on Monday, March 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 220 ($2.87) price objective on shares of International Consolidated Airlines Group in a report on Monday, March 1st. Credit Suisse Group set a GBX 228 ($2.98) price target on shares of International Consolidated Airlines Group and gave the stock a "buy" rating in a research report on Friday, February 26th. Finally, Barclays reaffirmed a "buy" rating and set a GBX 205 ($2.68) price target on shares of International Consolidated Airlines Group in a research report on Monday, March 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of "Buy" and an average price target of GBX 231.75 ($3.03).

Shares of IAG traded down GBX 0.53 ($0.01) during midday trading on Thursday, reaching GBX 215.67 ($2.82). 22,458,504 shares of the stock were exchanged, compared to its average volume of 37,705,766. The company has a market capitalization of £10.71 billion and a price-to-earnings ratio of 1.33. International Consolidated Airlines Group has a twelve month low of GBX 86.54 ($1.13) and a twelve month high of GBX 361.40 ($4.72). The business's 50-day moving average price is GBX 175.76 and its 200 day moving average price is GBX 150.33. The company has a debt-to-equity ratio of 1,191.41, a current ratio of 0.68 and a quick ratio of 0.59.

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

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Analyst Recommendations for International Consolidated Airlines Group (LON:IAG)

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