UBS Group restated their neutral rating on shares of International Consolidated Airlns Grp (LON:IAG) in a report published on Thursday, www.boersen-zeitung.de reports. The firm currently has a GBX 608 ($7.94) price objective on the stock, down from their previous price objective of GBX 705 ($9.21).
A number of other equities research analysts have also issued reports on the company. 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 Monday, December 31st. HSBC set a GBX 550 ($7.19) price objective on shares of International Consolidated Airlns Grp and gave the company a sell rating in a report on Monday, December 10th. Barclays dropped their price objective on shares of International Consolidated Airlns Grp from GBX 780 ($10.19) to GBX 700 ($9.15) and set an overweight rating for the company in a report on Thursday, January 17th. Sanford C. Bernstein set a GBX 750 ($9.80) price objective on shares of International Consolidated Airlns Grp and gave the company a buy rating in a report on Friday, November 23rd. Finally, Credit Suisse Group set a GBX 780 ($10.19) price objective on shares of International Consolidated Airlns Grp and gave the company a buy rating in a report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. International Consolidated Airlns Grp presently has a consensus rating of Hold and a consensus price target of GBX 702.87 ($9.18).
IAG stock traded up GBX 4 ($0.05) during trading on Thursday, reaching GBX 603 ($7.88). The company’s stock had a trading volume of 10,628,680 shares, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a 1 year low of GBX 516 ($6.74) and a 1 year high of GBX 680.60 ($8.89).
The business also recently disclosed a dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, July 4th will be issued a dividend of €0.52 ($0.60) per share. This represents a dividend yield of 7.33%. The ex-dividend date is Thursday, July 4th. This is an increase from International Consolidated Airlns Grp’s previous dividend of $0.15.
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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