International Airlines Group (LON:IAG) has been assigned an average rating of “Hold” from the twenty-two analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 706.50 ($9.48).
A number of research firms have commented on IAG. HSBC downgraded shares of International Airlines Group to a “reduce” rating and lifted their price objective for the stock from GBX 570 ($7.65) to GBX 590 ($7.92) in a report on Wednesday. Liberum Capital reaffirmed a “buy” rating on shares of International Airlines Group in a report on Thursday, May 17th. Sanford C. Bernstein set a GBX 710 ($9.53) price objective on shares of International Airlines Group and gave the stock a “buy” rating in a report on Thursday, May 10th. Deutsche Bank decreased their price objective on shares of International Airlines Group from GBX 770 ($10.33) to GBX 730 ($9.79) and set a “buy” rating for the company in a report on Wednesday, May 9th. Finally, Cfra set a GBX 780 ($10.47) price objective on shares of International Airlines Group and gave the stock a “buy” rating in a report on Friday, May 4th.
International Airlines Group stock opened at GBX 684.60 ($9.19) on Friday. International Airlines Group has a 12 month low of GBX 516 ($6.92) and a 12 month high of GBX 680.60 ($9.13).
The company also recently declared a dividend, which will be paid on Monday, July 2nd. Stockholders of record on Thursday, June 28th will be issued a dividend of €0.15 ($0.17) per share. This is an increase from International Airlines Group’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 28th. This represents a dividend yield of 2.17%.
International 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. The company operates under the British Airways, Iberia, Vueling, LEVEL, IAG Cargo, Avios, and Aer Lingus brands.