International Consolidated Airlns Grp SA (LON:IAG) has received a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 689.87 ($9.01).
IAG has been the topic of a number of research analyst reports. Royal Bank of Canada set a GBX 650 ($8.49) price target on International Consolidated Airlns Grp and gave the stock a “neutral” rating in a research note on Wednesday, December 19th. UBS Group restated a “neutral” rating on shares of International Consolidated Airlns Grp in a research note on Wednesday, January 2nd. Citigroup lowered International Consolidated Airlns Grp to a “sell” rating and dropped their price target for the stock from GBX 750 ($9.80) to GBX 560 ($7.32) in a research note on Wednesday, January 2nd. Deutsche Bank boosted their price target on International Consolidated Airlns Grp from GBX 770 ($10.06) to GBX 800 ($10.45) and gave the stock a “buy” rating in a research note on Tuesday, January 15th. Finally, Barclays dropped their price target on International Consolidated Airlns Grp from GBX 780 ($10.19) to GBX 700 ($9.15) and set an “overweight” rating on the stock in a research note on Thursday, January 17th.
IAG traded up GBX 0.80 ($0.01) on Wednesday, hitting GBX 543.40 ($7.10). The company had a trading volume of 4,684,332 shares, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a 12-month low of GBX 499 ($6.52) and a 12-month high of GBX 727 ($9.50). The company has a debt-to-equity ratio of 111.74, a current ratio of 0.91 and a quick ratio of 0.78. The firm has a market capitalization of $10.78 billion and a PE ratio of 3.39.
The business also recently declared a dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, July 4th will be issued a €0.52 ($0.60) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from International Consolidated Airlns Grp’s previous dividend of $0.15. This represents a yield of 7.33%. International Consolidated Airlns Grp’s payout ratio is presently 0.17%.
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, IAG Cargo, Avios, and Aer Lingus brands.
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