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

International Consolidated Airlines Group (LON:IAG) was upgraded by Deutsche Bank Aktiengesellschaft to a “buy” rating in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a GBX 400 ($5.11) target price on the stock, up from their prior target price of GBX 215 ($2.75). Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 39.86% from the stock’s previous close.

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

International Consolidated Airlines Group Trading Up 1.4 %

Shares of LON:IAG opened at GBX 286 ($3.65) on Wednesday. The company has a market cap of £14.01 billion, a PE ratio of 680.95, a P/E/G ratio of 0.21 and a beta of 2.31. The company’s 50 day moving average is GBX 223.96 and its two-hundred day moving average is GBX 192.32. International Consolidated Airlines Group has a 52 week low of GBX 141.35 ($1.81) and a 52 week high of GBX 287.40 ($3.67). The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70.

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.