International Consolidated Airlines Group S.A. (LON:IAG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of International Consolidated Airlines Group S.A. (LON:IAG) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 334 ($4.32).

Several research firms recently issued reports on IAG. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and upped their price objective for the stock from GBX 215 ($2.78) to GBX 400 ($5.17) in a report on Wednesday, December 11th. Citigroup restated a “buy” rating and set a GBX 390 ($5.04) price target on shares of International Consolidated Airlines Group in a report on Monday. Jefferies Financial Group raised their price target on International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the company a “buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Finally, Barclays lowered International Consolidated Airlines Group to an “underweight” rating and lowered their target price for the company from GBX 420 ($5.43) to GBX 250 ($3.23) in a report on Wednesday, March 12th.

International Consolidated Airlines Group Stock Performance

International Consolidated Airlines Group stock traded down GBX 3.53 ($0.05) during trading hours on Tuesday, reaching GBX 257.27 ($3.32). 28,408,338 shares of the company were exchanged, compared to its average volume of 25,767,900. International Consolidated Airlines Group has a 12 month low of GBX 156.09 ($2.02) and a 12 month high of GBX 368.06 ($4.76). The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. The stock has a 50-day moving average of GBX 320.86 and a 200 day moving average of GBX 272.71. The firm has a market cap of £15.20 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a dividend of €0.06 ($0.07) per share. The ex-dividend date is Thursday, June 26th. This is an increase from International Consolidated Airlines Group’s previous dividend of $0.03. This represents a yield of 1.72%. International Consolidated Airlines Group’s dividend payout ratio (DPR) is 10.56%.

International Consolidated Airlines Group 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, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.