International Consolidated Airlns Grp’s (IAG) “Overweight” Rating Reaffirmed at Barclays

Barclays reaffirmed their overweight rating on shares of International Consolidated Airlns Grp (LON:IAG) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a GBX 700 ($9.15) target price on the stock.

Several other equities research analysts have also weighed in on IAG. Berenberg Bank reiterated a sell rating and set a $13.00 price objective on shares of Air France-KLM in a research note on Friday, May 10th. Credit Suisse Group dropped their price objective on shares of Marathon Petroleum from $95.00 to $80.00 and set an outperform rating on the stock in a research note on Monday, May 13th. Sanford C. Bernstein upgraded shares of Equinor ASA from a market perform rating to an outperform rating and set a $20.00 price target on the stock in a research note on Monday, July 1st. HSBC lowered shares of to a reduce rating and dropped their price target for the company from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a research note on Wednesday, June 19th. Finally, Deutsche Bank raised their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. International Consolidated Airlns Grp presently has an average rating of Hold and an average target price of GBX 654.62 ($8.55).

IAG opened at GBX 450.10 ($5.88) on Wednesday. The firm has a market capitalization of $8.93 billion and a price-to-earnings ratio of 2.81. International Consolidated Airlns Grp has a fifty-two week low of GBX 431.80 ($5.64) and a fifty-two week high of GBX 718.40 ($9.39). The stock’s 50-day simple moving average is GBX 459.55. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 111.74.

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

International Consolidated Airlns Grp Company Profile

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.

Further Reading: Institutional Investors

Analyst Recommendations for International Consolidated Airlns Grp (LON:IAG)

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