International Consolidated Airlns Grp (LON:IAG) Given a GBX 780 Price Target at Berenberg Bank

International Consolidated Airlns Grp (LON:IAG) has been given a GBX 780 ($10.19) target price by equities research analysts at Berenberg Bank in a research report issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 75.48% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Liberum Capital reiterated a “buy” rating on shares of International Consolidated Airlns Grp in a report on Friday. Sanford C. Bernstein set a GBX 520 ($6.79) price objective on International Consolidated Airlns Grp and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank restated a “buy” rating on shares of International Consolidated Airlns Grp in a research note on Friday, July 12th. Royal Bank of Canada set a GBX 650 ($8.49) price objective on International Consolidated Airlns Grp and gave the company a “buy” rating in a research note on Friday. Finally, Barclays restated an “overweight” rating and set a GBX 700 ($9.15) price objective on shares of International Consolidated Airlns Grp in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 654.08 ($8.55).

Shares of IAG traded down GBX 3.70 ($0.05) during trading hours on Friday, reaching GBX 444.50 ($5.81). The stock had a trading volume of 7,345,895 shares, compared to its average volume of 6,660,000. International Consolidated Airlns Grp has a 12 month low of GBX 413.60 ($5.40) and a 12 month high of GBX 718.40 ($9.39). The stock’s 50-day moving average is GBX 453.35. The company has a debt-to-equity ratio of 111.74, a current ratio of 0.91 and a quick ratio of 0.78. The firm has a market cap of $8.82 billion and a P/E ratio of 2.78.

In other International Consolidated Airlns Grp news, insider William Matthew Walsh sold 350,000 shares of the firm’s stock in a transaction on 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).

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.

Further Reading: QQQ ETF

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

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