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) target price 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.

Several other brokerages have also issued reports on IAG. Berenberg Bank restated a sell rating and issued a $13.00 price objective on shares of Air France-KLM in a report on Friday, May 10th. Credit Suisse Group reduced their price objective on shares of Marathon Petroleum from $95.00 to $80.00 and set an outperform rating on the stock in a report on Monday, May 13th. Deutsche Bank boosted their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a report on Friday, July 12th. HSBC lowered shares of 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 report on Wednesday, June 19th. Finally, Barclays reaffirmed a sell rating and issued a $5.00 target price on shares of Deutsche Bank in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 654.62 ($8.55).

Shares of IAG opened at GBX 450.10 ($5.88) on Friday. The stock has a market cap of $8.93 billion and a price-to-earnings ratio of 2.81. International Consolidated Airlns Grp has a 12-month low of GBX 431.80 ($5.64) and a 12-month high of GBX 718.40 ($9.39). The firm has a 50-day moving average of GBX 459.55. The company has a debt-to-equity ratio of 111.74, a quick ratio of 0.78 and a current ratio of 0.91.

In other International Consolidated Airlns Grp news, insider William Matthew Walsh sold 50,000 shares of International Consolidated Airlns Grp stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of GBX 506 ($6.61), for a total value of £253,000 ($330,589.31).

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.

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

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