International Consolidated Airlns Grp (LON:IAG) Upgraded by HSBC to “Hold”

HSBC upgraded shares of International Consolidated Airlns Grp (LON:IAG) to a hold rating in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 460 ($6.01) price objective on the stock, up from their prior price objective of GBX 400 ($5.23).

Several other research analysts have also recently weighed in on IAG. Sanford C. Bernstein set a GBX 520 ($6.79) target price on International Consolidated Airlns Grp and gave the stock a neutral rating in a report on Friday, August 2nd. Barclays restated an overweight rating on shares of International Consolidated Airlns Grp in a report on Monday, August 5th. UBS Group restated a buy rating and set a GBX 705 ($9.21) target price on shares of International Consolidated Airlns Grp in a report on Friday, August 2nd. Berenberg Bank set a GBX 780 ($10.19) target price on International Consolidated Airlns Grp and gave the stock a buy rating in a report on Friday, August 2nd. Finally, Liberum Capital restated a buy rating on shares of International Consolidated Airlns Grp in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. International Consolidated Airlns Grp currently has a consensus rating of Buy and a consensus price target of GBX 643.58 ($8.41).

Shares of International Consolidated Airlns Grp stock opened at GBX 452.80 ($5.92) on Tuesday. The firm has a market cap of $8.99 billion and a PE ratio of 2.83. The business’s 50 day moving average is GBX 452.78. International Consolidated Airlns Grp has a 1-year low of GBX 413.50 ($5.40) and a 1-year high of GBX 718.40 ($9.39). The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 194.65.

In related news, insider William Matthew Walsh sold 50,000 shares of the company’s stock in a transaction that occurred on 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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