International Consolidated Airlines Group (LON:IAG) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group (LON:IAG) to a buy rating in a research report sent to investors on Wednesday, Marketbeat reports. The firm currently has GBX 400 ($5.10) price target on the stock, up from their previous price target of GBX 215 ($2.74).

Separately, JPMorgan Chase & Co. reiterated a “buy” rating on shares of International Consolidated Airlines Group in a report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

Shares of IAG opened at GBX 294.52 ($3.76) on Wednesday. International Consolidated Airlines Group has a 12 month low of GBX 141.35 ($1.80) and a 12 month high of GBX 295.60 ($3.77). The stock has a fifty day moving average price of GBX 227.10 and a 200-day moving average price of GBX 193.72. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70. The firm has a market cap of £14.43 billion, a PE ratio of 685.85, a P/E/G ratio of 0.21 and a beta of 2.31.

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.