Sanford C. Bernstein Analysts Give International Consolidated Airlns Grp (LON:IAG) a GBX 520 Price Target

Sanford C. Bernstein set a GBX 520 ($6.79) price target on International Consolidated Airlns Grp (LON:IAG) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated an outperform rating on shares of in a research note on Friday, June 21st. HSBC cut to a reduce rating and reduced their price objective for the company from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a research note on Wednesday, June 19th. Barclays reiterated a sell rating and issued a $5.00 price objective on shares of Deutsche Bank in a research note on Wednesday, July 17th. Liberum Capital reduced their price objective on Premier Asset Management Group from GBX 230 ($3.01) to GBX 226 ($2.95) and set a buy rating for the company in a research note on Monday, July 8th. Finally, Berenberg Bank restated a sell rating and set a $13.00 price target on shares of Air France-KLM in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 654.62 ($8.55).

Shares of LON IAG opened at GBX 450.10 ($5.88) on Friday. The company has a debt-to-equity ratio of 111.74, a quick ratio of 0.78 and a current ratio of 0.91. International Consolidated Airlns Grp has a twelve month low of GBX 431.80 ($5.64) and a twelve month high of GBX 718.40 ($9.39). The company has a 50 day moving average price of GBX 459.55. The stock has a market capitalization of $8.93 billion and a PE ratio of 2.81.

In other news, insider William Matthew Walsh sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of GBX 503 ($6.57), for a total transaction of £1,760,500 ($2,300,405.07).

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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