International Consolidated Airlns Grp’s (IAG) “Overweight” Rating Reiterated at Barclays

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Barclays restated their overweight rating on shares of International Consolidated Airlns Grp (LON:IAG) in a research note published on Friday morning, Borsen Zeitung reports. The brokerage currently has a GBX 700 ($9.15) price objective on the stock.

IAG has been the subject of a number of other reports. HSBC lowered International Consolidated Airlns Grp to a reduce rating and decreased their price objective for the stock from GBX 550 ($7.19) to GBX 400 ($5.23) in a report on Wednesday, June 19th. Liberum Capital reissued a buy rating on shares of International Consolidated Airlns Grp in a report on Friday. Royal Bank of Canada set a GBX 650 ($8.49) price objective on International Consolidated Airlns Grp and gave the stock a buy rating in a report on Friday. Deutsche Bank reissued a buy rating on shares of International Consolidated Airlns Grp in a report on Friday, July 12th. Finally, Credit Suisse Group decreased their price objective on International Consolidated Airlns Grp from GBX 780 ($10.19) to GBX 713 ($9.32) and set an outperform rating for the company in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 654.08 ($8.55).

Shares of IAG stock opened at GBX 447.10 ($5.84) on Friday. 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 company has a market cap of $8.82 billion and a price-to-earnings ratio of 2.79. The business has a 50 day simple moving average of GBX 452.53. The company has a debt-to-equity ratio of 111.74, a current ratio of 0.91 and a quick ratio of 0.78.

In other news, insider William Matthew Walsh sold 50,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of GBX 506 ($6.61), for a total transaction 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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