Credit Suisse Group Reiterates GBX 780 Price Target for International Consolidated Airlns Grp (IAG)

Credit Suisse Group set a GBX 780 ($10.19) price target on International Consolidated Airlns Grp (LON:IAG) in a research note released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Berenberg Bank reaffirmed a buy rating and issued a GBX 780 ($10.19) price objective on shares of International Consolidated Airlns Grp in a research report on Thursday, April 18th. UBS Group raised shares of International Consolidated Airlns Grp to a buy rating and set a GBX 705 ($9.21) price objective on the stock in a research report on Monday, April 29th. Deutsche Bank lowered their price objective on shares of International Consolidated Airlns Grp from GBX 800 ($10.45) to GBX 675 ($8.82) and set a buy rating on the stock in a research report on Monday, April 1st. HSBC lowered their price objective on shares of International Consolidated Airlns Grp from GBX 550 ($7.19) to GBX 480 ($6.27) and set a reduce rating on the stock in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada reaffirmed a neutral rating on shares of International Consolidated Airlns Grp in a research report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. International Consolidated Airlns Grp presently has a consensus rating of Buy and a consensus target price of GBX 695.36 ($9.09).

IAG opened at GBX 506 ($6.61) on Monday. The company has a debt-to-equity ratio of 111.74, a quick ratio of 0.78 and a current ratio of 0.91. International Consolidated Airlns Grp has a fifty-two week low of GBX 487 ($6.36) and a fifty-two week high of GBX 727 ($9.50). The stock has a market cap of $9.96 billion and a P/E ratio of 3.16.

The firm also recently announced a dividend, which will be paid on Monday, July 8th. Stockholders 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. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 7.33%. International Consolidated Airlns Grp’s dividend payout ratio (DPR) is presently 0.17%.

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

About International Consolidated Airlns Grp

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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