International Consolidated Airlns Grp SA (IAG) Given “Reduce” Rating at HSBC Holdings plc

HSBC Holdings plc reaffirmed their reduce rating on shares of International Consolidated Airlns Grp SA (LON:IAG) in a report issued on Thursday. HSBC Holdings plc currently has a GBX 490 ($6.34) price objective on the stock.

Several other brokerages have also recently weighed in on IAG. Deutsche Bank AG reaffirmed a buy rating and set a GBX 620 ($8.02) price target on shares of International Consolidated Airlns Grp SA in a research note on Tuesday, April 11th. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 180 ($2.33) price target on shares of International Consolidated Airlns Grp SA in a research note on Thursday, March 2nd. Credit Suisse Group AG raised their price target on shares of International Consolidated Airlns Grp SA from GBX 606 ($7.84) to GBX 631 ($8.16) and gave the stock an outperform rating in a research note on Monday, February 27th. Barclays PLC raised their price target on shares of International Consolidated Airlns Grp SA from GBX 460 ($5.95) to GBX 550 ($7.11) and gave the stock an overweight rating in a research note on Tuesday, January 10th. Finally, BNP Paribas raised their price target on shares of International Consolidated Airlns Grp SA from GBX 550 ($7.11) to GBX 575 ($7.44) and gave the stock an outperform rating in a research note on Monday, February 27th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. International Consolidated Airlns Grp SA has an average rating of Hold and a consensus price target of GBX 493.95 ($6.39).

Shares of International Consolidated Airlns Grp SA (LON:IAG) opened at 608.50 on Thursday. The company’s 50 day moving average is GBX 548.41 and its 200 day moving average is GBX 491.89. International Consolidated Airlns Grp SA has a 12-month low of GBX 281.73 and a 12-month high of GBX 614.62. The firm’s market capitalization is GBX 16.43 billion.

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The company also recently declared a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 29th will be paid a dividend of €0.13 ($0.14) per share. This represents a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, June 29th.

International Consolidated Airlns Grp SA Company Profile

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

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