UBS set a GBX 745 ($10.29) price target on International Consolidated Airlns Grp (LON:IAG) in a research note released on Friday, March 9th, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently issued reports on IAG. Deutsche Bank restated a buy rating and issued a GBX 730 ($10.09) price target on shares of International Consolidated Airlns Grp in a research report on Monday, November 13th. Liberum Capital restated a buy rating and issued a GBX 875 ($12.09) price target on shares of International Consolidated Airlns Grp in a research report on Monday, November 20th. Shore Capital reiterated a hold rating on shares of International Consolidated Airlns Grp in a research report on Monday, November 20th. Morgan Stanley reiterated a neutral rating on shares of International Consolidated Airlns Grp in a research report on Monday, December 4th. Finally, Barclays reiterated an overweight rating and set a GBX 780 ($10.78) target price on shares of International Consolidated Airlns Grp in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. International Consolidated Airlns Grp presently has an average rating of Hold and an average target price of GBX 672.76 ($9.29).
Shares of IAG remained flat at $GBX 614.60 ($8.49) during midday trading on Friday. International Consolidated Airlns Grp has a 52-week low of GBX 516 ($7.13) and a 52-week high of GBX 680.60 ($9.40).
The company also recently disclosed a dividend, which will be paid on Monday, July 2nd. Stockholders of record on Thursday, June 28th will be issued a dividend of €0.15 ($0.18) per share. This represents a dividend yield of 2.17%. This is an increase from International Consolidated Airlns Grp’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, June 28th.
In other news, insider Nicola Shaw acquired 1,495 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average cost of GBX 668 ($9.23) per share, for a total transaction of £9,986.60 ($13,797.46).
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About International Consolidated Airlns Grp
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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