International Consolidated Airlns Grp (LON:IAG) Price Target Lowered to GBX 700 at Berenberg Bank

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International Consolidated Airlns Grp (LON:IAG) had its target price decreased by Berenberg Bank from GBX 720 ($9.41) to GBX 700 ($9.15) in a report published on Friday, Borsen Zeitung reports. Berenberg Bank currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank restated a buy rating and issued a GBX 670 ($8.75) price objective on shares of International Consolidated Airlns Grp in a report on Monday, November 11th. HSBC raised their price objective on International Consolidated Airlns Grp from GBX 490 ($6.40) to GBX 550 ($7.19) and gave the stock a hold rating in a report on Friday, November 1st. Liberum Capital restated a buy rating on shares of International Consolidated Airlns Grp in a report on Friday, November 8th. Sanford C. Bernstein restated a buy rating and issued a GBX 650 ($8.49) price objective on shares of International Consolidated Airlns Grp in a report on Tuesday, November 12th. Finally, Credit Suisse Group restated an outperform rating and issued a GBX 727 ($9.50) price objective (up from GBX 665 ($8.69)) on shares of International Consolidated Airlns Grp in a report on Friday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 652.46 ($8.53).

International Consolidated Airlns Grp stock opened at GBX 554 ($7.24) on Friday. The stock’s 50-day moving average is GBX 533.29 and its 200-day moving average is GBX 476.06. The company has a market cap of $10.99 billion and a price-to-earnings ratio of 3.46. The company has a debt-to-equity ratio of 194.65, a current ratio of 0.85 and a quick ratio of 0.69. International Consolidated Airlns Grp has a 12 month low of GBX 411.50 ($5.38) and a 12 month high of GBX 669.40 ($8.75).

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 28th will be given a €0.15 ($0.17) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 2.41%. International Consolidated Airlns Grp’s payout ratio is 0.16%.

About International Consolidated Airlns Grp

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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Analyst Recommendations for International Consolidated Airlns Grp (LON:IAG)

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