Shares of International Airlines Group (Ticker: IAG LN) moved up some 5% in London trading on Thursday April 17th to close at £3.952. In a nutshell, we think the stock uptick has legs but is premised on everything falling in place nicely (this is what causes us some worries). So while a 10% upside is entirely possible from hereon, we think a better entry price is £3.71. We value the stock at £4.36 on a March 2015 basis. The street is even more bullish with some price targets out there exceeding £4.50. If you want to punt this, wear your helmets and set clear stops folks. Over the past couple of years, return of equity (ROE) on this stock has ranged between -17 to 14.2%, with December 2013 ROE of 3.7%. The street expects forward ROEs of 20% or more. All this is dependent on the company making Iberia profitable and increasing premium segment revenues at British Airways. Can they do it? Your guess is as good as ours!