International Consolidated Airlns Grp (IAG) Upgraded to “Neutral” at Citigroup

Citigroup upgraded shares of International Consolidated Airlns Grp (LON:IAG) to a neutral rating in a research report report published on Monday morning. Citigroup currently has GBX 560 ($7.32) target price on the stock, up from their previous target price of GBX 508 ($6.64).

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reissued a sector performer rating and issued a GBX 650 ($8.49) price target on shares of International Consolidated Airlns Grp in a report on Thursday, March 7th. Barclays set a GBX 700 ($9.15) price target on shares of International Consolidated Airlns Grp and gave the stock a buy rating in a report on Friday, March 1st. HSBC increased their price target on shares of International Consolidated Airlns Grp from GBX 525 ($6.86) to GBX 550 ($7.19) and gave the stock a reduce rating in a report on Friday, March 1st. UBS Group reissued a neutral rating and issued a GBX 608 ($7.94) price target (down from GBX 705 ($9.21)) on shares of International Consolidated Airlns Grp in a report on Thursday, February 28th. Finally, Liberum Capital reissued a buy rating and issued a GBX 875 ($11.43) price target on shares of International Consolidated Airlns Grp in a report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 702.87 ($9.18).

Shares of LON:IAG opened at GBX 543.40 ($7.10) on Monday. International Consolidated Airlns Grp has a twelve month low of GBX 516 ($6.74) and a twelve month high of GBX 680.60 ($8.89).

The business also recently announced a dividend, which will be paid on Monday, July 8th. Investors of record on Thursday, July 4th will be paid a €0.52 ($0.60) dividend. This is an increase from International Consolidated Airlns Grp’s previous dividend of $0.15. This represents a yield of 7.33%. The ex-dividend date of this dividend is Thursday, July 4th.

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, IAG Cargo, Avios, and Aer Lingus brands.

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

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