International Consolidated Airlines Group (LON:IAG) Downgraded by Barclays to “Underweight”

Barclays lowered shares of International Consolidated Airlines Group (LON:IAG) to an underweight rating in a report released on Wednesday morning, Marketbeat reports. They currently have GBX 250 ($3.24) target price on the stock, down from their prior target price of GBX 420 ($5.45).

Other analysts have also issued reports about the company. Jefferies Financial Group boosted their price objective on International Consolidated Airlines Group from GBX 350 ($4.54) to GBX 400 ($5.19) and gave the stock a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and upped their target price for the company from GBX 215 ($2.79) to GBX 400 ($5.19) in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 320 ($4.15).

International Consolidated Airlines Group Stock Performance

Shares of IAG opened at GBX 277.60 ($3.60) on Wednesday. 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 stock has a 50 day moving average price of GBX 326.60 and a two-hundred day moving average price of GBX 262.43. The firm has a market capitalization of £16.40 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 52 week low of GBX 148.75 ($1.93) and a 52 week high of GBX 368.06 ($4.77).

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.