International Consolidated Airlns Grp (LON:IAG) was upgraded by stock analysts at Citigroup to a “buy” rating in a report released on Thursday, August 30th. The brokerage presently has a GBX 907 ($11.81) target price on the stock, up from their previous target price of GBX 760 ($9.90). Citigroup’s price target would suggest a potential upside of 32.80% from the stock’s previous close.
A number of other analysts also recently commented on the company. Royal Bank of Canada restated a “sector performer” rating and issued a GBX 740 ($9.64) target price on shares of International Consolidated Airlns Grp in a research note on Wednesday, August 8th. HSBC set a GBX 585 ($7.62) target price on International Consolidated Airlns Grp and gave the stock a “sell” rating in a research note on Tuesday, August 7th. ICAP upped their target price on International Consolidated Airlns Grp from GBX 765 ($9.96) to GBX 780 ($10.16) and gave the stock a “buy” rating in a research note on Monday, August 6th. Credit Suisse Group set a GBX 895 ($11.66) target price on International Consolidated Airlns Grp and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 780 ($10.16) price target on shares of International Consolidated Airlns Grp in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. International Consolidated Airlns Grp presently has a consensus rating of “Hold” and an average target price of GBX 755.41 ($9.84).
Shares of IAG traded up GBX 2.60 ($0.03) during mid-day trading on Thursday, reaching GBX 683 ($8.90). The company had a trading volume of 3,946,480 shares, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a 52-week low of GBX 516 ($6.72) and a 52-week high of GBX 680.60 ($8.87).
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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