Barclays Trims International Consolidated Airlines Group (OTCMKTS:ICAGY) Target Price to GBX 230

International Consolidated Airlines Group (OTCMKTS:ICAGY) had its price objective lowered by investment analysts at Barclays from GBX 245 ($3.03) to GBX 230 ($2.85) in a note issued to investors on Tuesday, FlyOnTheWall reports.

Several other brokerages have also recently issued reports on ICAGY. Royal Bank of Canada upped their target price on International Consolidated Airlines Group from GBX 180 ($2.23) to GBX 210 ($2.60) in a report on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on International Consolidated Airlines Group from GBX 165 ($2.04) to GBX 200 ($2.48) in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of “Hold” and an average price target of $148.95.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY stock traded down $0.06 during trading hours on Tuesday, hitting $3.71. 54,959 shares of the company’s stock were exchanged, compared to its average volume of 51,797. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 7.84. The firm has a 50 day moving average of $4.03 and a two-hundred day moving average of $3.85. International Consolidated Airlines Group has a fifty-two week low of $2.06 and a fifty-two week high of $4.38.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last issued its quarterly earnings results on Friday, July 28th. The transportation company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.22 by $0.89. International Consolidated Airlines Group had a return on equity of 309.85% and a net margin of 7.63%. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.09 billion. On average, equities research analysts predict that International Consolidated Airlines Group will post 0.9 EPS for the current fiscal year.

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, Ireland, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, call centre, ground handling, trustee, storage and custody, and airport infrastructure development services.