Royal Bank of Canada Reiterates “GBX 650” Price Target for International Consolidated Airlns Grp (IAG)

International Consolidated Airlns Grp (LON:IAG) has been assigned a GBX 650 ($8.49) price objective by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 30.37% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 780 ($10.19) target price on shares of International Consolidated Airlns Grp in a research report on Thursday, April 18th. UBS Group raised International Consolidated Airlns Grp to a “buy” rating and set a GBX 705 ($9.21) target price on the stock in a research report on Monday, April 29th. Credit Suisse Group set a GBX 780 ($10.19) target price on International Consolidated Airlns Grp and gave the stock a “buy” rating in a research report on Thursday, March 28th. Deutsche Bank dropped their target price on 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. Finally, HSBC set a GBX 550 ($7.19) target price on International Consolidated Airlns Grp and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 695.36 ($9.09).

Shares of LON IAG opened at GBX 498.60 ($6.52) on Friday. International Consolidated Airlns Grp has a 1-year low of GBX 487 ($6.36) and a 1-year high of GBX 727 ($9.50). The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 111.74. The firm has a market capitalization of $9.92 billion and a price-to-earnings ratio of 3.11.

In related news, insider William Matthew Walsh sold 350,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of GBX 503 ($6.57), for a total transaction of £1,760,500 ($2,300,405.07).

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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