International Consolidated Airlns Grp (LON:IAG) Coverage Initiated at Goldman Sachs Group

Goldman Sachs Group assumed coverage on shares of International Consolidated Airlns Grp (LON:IAG) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage issued a buy rating and a GBX 665 ($8.69) price target on the stock.

IAG has been the subject of several other research reports. UBS Group reissued a buy rating and issued a GBX 655 ($8.56) price target on shares of International Consolidated Airlns Grp in a research note on Monday, November 11th. Liberum Capital reissued a buy rating on shares of International Consolidated Airlns Grp in a research note on Friday, November 8th. Credit Suisse Group set a GBX 665 ($8.69) price target on International Consolidated Airlns Grp and gave the company a buy rating in a research note on Monday, November 11th. HSBC upped their target price on International Consolidated Airlns Grp from GBX 490 ($6.40) to GBX 550 ($7.19) and gave the company a hold rating in a research report on Friday, November 1st. Finally, Berenberg Bank cut their target price on International Consolidated Airlns Grp from GBX 780 ($10.19) to GBX 720 ($9.41) and set a buy rating on the stock in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 637.14 ($8.33).

Shares of IAG stock traded down GBX 4.20 ($0.05) on Wednesday, hitting GBX 546.60 ($7.14). The company had a trading volume of 3,351,199 shares, compared to its average volume of 6,660,000. The firm has a market cap of $10.99 billion and a P/E ratio of 3.41. The stock’s 50-day moving average is GBX 515.42 and its two-hundred day moving average is GBX 474.96. The company has a debt-to-equity ratio of 194.65, a quick ratio of 0.69 and a current ratio of 0.85. International Consolidated Airlns Grp has a twelve month low of GBX 411.50 ($5.38) and a twelve month high of GBX 669.40 ($8.75).

The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 28th will be given a dividend of €0.15 ($0.17) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 2.41%. International Consolidated Airlns Grp’s payout ratio is 0.16%.

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.

Featured Article: Outstanding Shares, Buying and Selling Stocks

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

Receive News & Ratings for International Consolidated Airlns Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Consolidated Airlns Grp and related companies with MarketBeat.com's FREE daily email newsletter.