Royal Bank of Canada Reiterates “Sector Performer” Rating for International Consolidated Airlns Grp (IAG)
International Consolidated Airlns Grp (LON:IAG)‘s stock had its “sector performer” rating reissued by equities researchers at Royal Bank of Canada in a research note issued to investors on Wednesday. They currently have a GBX 740 ($9.58) target price on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 8.70% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. HSBC raised International Consolidated Airlns Grp to a “hold” rating and boosted their price objective for the stock from GBX 565 ($7.31) to GBX 570 ($7.38) in a research note on Friday, April 13th. Deutsche Bank reissued a “buy” rating on shares of International Consolidated Airlns Grp in a research note on Friday, April 13th. Liberum Capital reissued a “buy” rating on shares of International Consolidated Airlns Grp in a research note on Friday, May 4th. Sanford C. Bernstein set a GBX 690 ($8.93) price objective on International Consolidated Airlns Grp and gave the stock a “buy” rating in a research note on Thursday, April 12th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 721 ($9.33) price objective on shares of International Consolidated Airlns Grp in a research note on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 745.94 ($9.66).
Shares of International Consolidated Airlns Grp opened at GBX 680.80 ($8.81) on Wednesday, according to Marketbeat.com. International Consolidated Airlns Grp has a 1-year low of GBX 516 ($6.68) and a 1-year high of GBX 680.60 ($8.81).
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. The company operates under the British Airways, Iberia, Vueling, LEVEL, IAG Cargo, Avios, and Aer Lingus brands.
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