International Consolidated Airlns Grp (IAG) Stock Rating Reaffirmed by Barclays
Barclays reissued their overweight rating on shares of International Consolidated Airlns Grp (LON:IAG) in a report released on Monday morning, Digital Look reports. Barclays currently has a GBX 700 ($9.15) target price on the stock.
A number of other brokerages have also recently issued reports on IAG. Credit Suisse Group set a GBX 780 ($10.19) price objective on shares of International Consolidated Airlns Grp and gave the company a buy rating in a report on Monday, February 11th. Liberum Capital reiterated a buy rating on shares of International Consolidated Airlns Grp in a report on Tuesday, February 12th. Societe Generale lifted their price objective on shares of International Consolidated Airlns Grp from GBX 570 ($7.45) to GBX 650 ($8.49) and gave the company a hold rating in a report on Tuesday, February 19th. Royal Bank of Canada reiterated a neutral rating on shares of International Consolidated Airlns Grp in a report on Tuesday, February 19th. Finally, HSBC reduced their price objective on shares of International Consolidated Airlns Grp from GBX 550 ($7.19) to GBX 525 ($6.86) and set a reduce rating for the company in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. International Consolidated Airlns Grp currently has an average rating of Buy and an average price target of GBX 695.36 ($9.09).
Shares of LON IAG opened at GBX 508 ($6.64) on Monday. The stock has a market cap of $10.08 billion and a PE ratio of 3.17. International Consolidated Airlns Grp has a 1 year low of GBX 487 ($6.36) and a 1 year high of GBX 727 ($9.50). The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 111.74.
In related news, insider William Matthew Walsh sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of GBX 506 ($6.61), for a total transaction of £253,000 ($330,589.31).
International Consolidated Airlns Grp 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. The company operates under the British Airways, Iberia, Vueling, LEVEL, and Aer Lingus brands.
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