UBS Group downgraded shares of International Consolidated Airlns Grp (LON:IAG) to a neutral rating in a research note published on Wednesday morning, www.boersen-zeitung.de reports. UBS Group currently has GBX 705 ($9.18) price target on the stock, down from their prior price target of GBX 780 ($10.16).
A number of other research analysts have also recently issued reports on the company. Sanford C. Bernstein set a GBX 735 ($9.57) price objective on International Consolidated Airlns Grp and gave the company a buy rating in a report on Tuesday. Berenberg Bank initiated coverage on International Consolidated Airlns Grp in a report on Tuesday, September 18th. They issued a buy rating and a GBX 815 ($10.62) price target for the company. Credit Suisse Group reaffirmed an outperform rating on shares of International Consolidated Airlns Grp in a report on Tuesday, September 11th. Citigroup raised International Consolidated Airlns Grp to a buy rating and lifted their price target for the company from GBX 760 ($9.90) to GBX 907 ($11.81) in a report on Thursday, August 30th. Finally, Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 740 ($9.64) price target on shares of International Consolidated Airlns Grp in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 755.94 ($9.85).
Shares of LON IAG opened at GBX 657.60 ($8.57) on Wednesday. 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).
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, IAG Cargo, Avios, and Aer Lingus brands.
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