International Consolidated Airlines Group (LON:IAG) Receives “Buy” Rating from Citigroup

Citigroup reiterated their buy rating on shares of International Consolidated Airlines Group (LON:IAG) in a research report report published on Monday,London Stock Exchange reports. They currently have a GBX 390 ($5.04) price target on the stock.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a “buy” rating and boosted their price objective for the company from GBX 215 ($2.78) to GBX 400 ($5.17) in a report on Wednesday, December 11th. Jefferies Financial Group boosted their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the company a “buy” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed 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 cut their target price for the company from GBX 420 ($5.43) to GBX 250 ($3.23) in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 334 ($4.32).

International Consolidated Airlines Group Trading Down 1.4 %

IAG traded down GBX 3.53 ($0.05) during trading hours on Monday, reaching GBX 257.27 ($3.32). The company’s stock had a trading volume of 28,408,338 shares, compared to its average volume of 25,767,900. The stock has a market cap of £15.20 billion, a PE ratio of 5.43, a P/E/G ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a fifty-two week low of GBX 156.09 ($2.02) and a fifty-two week high of GBX 368.06 ($4.76). The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The business’s 50-day moving average is GBX 320.86 and its 200-day moving average is GBX 272.71.

International Consolidated Airlines Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be given a €0.06 ($0.07) dividend. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. This is a boost from International Consolidated Airlines Group’s previous dividend of $0.03. International Consolidated Airlines Group’s dividend payout ratio (DPR) is currently 10.56%.

About International Consolidated Airlines Group

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.