Citigroup Inc. Reaffirms “Buy” Rating for International Consolidated Airlns Grp SA (IAG)

Citigroup Inc. reissued their buy rating on shares of International Consolidated Airlns Grp SA (LON:IAG) in a report published on Monday, May 15th, StockTargetPrices.com reports.

Several other analysts also recently commented on the stock. BNP Paribas set a GBX 715 ($9.04) price objective on shares of International Consolidated Airlns Grp SA and gave the company a buy rating in a research report on Tuesday, May 9th. S&P Global set a GBX 660 ($8.35) target price on shares of International Consolidated Airlns Grp SA and gave the company a neutral rating in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) upped their target price on shares of International Consolidated Airlns Grp SA from GBX 630 ($7.97) to GBX 705 ($8.92) and gave the company a buy rating in a research note on Monday, May 8th. Royal Bank Of Canada set a GBX 560 ($7.08) target price on shares of International Consolidated Airlns Grp SA and gave the company a neutral rating in a research note on Monday, May 8th. Finally, Credit Suisse Group increased their price objective on shares of International Consolidated Airlns Grp SA from GBX 657 ($8.31) to GBX 686 ($8.68) and gave the stock an outperform rating in a research note on Monday, May 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 507.86 ($6.42).

International Consolidated Airlns Grp SA (IAG) traded up 0.77% during mid-day trading on Monday, reaching GBX 588.50. 8,460,664 shares of the company’s stock were exchanged. The firm’s market cap is GBX 15.89 billion. The stock has a 50-day moving average of GBX 593.92 and a 200-day moving average of GBX 522.90. International Consolidated Airlns Grp SA has a 12 month low of GBX 281.73 and a 12 month high of GBX 619.00.

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The company also recently declared a dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 29th will be given a dividend of €0.13 ($0.14) per share. This represents a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, June 29th.

International Consolidated Airlns Grp SA Company Profile

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

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