International Consolidated Airlines Group’s (IAG) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of International Consolidated Airlines Group (LON:IAG) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 420 ($5.58) target price on the stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Jefferies Financial Group raised their target price on shares of International Consolidated Airlines Group from GBX 350 ($4.65) to GBX 400 ($5.31) and gave the company a “buy” rating in a research note on Monday, March 3rd. Barclays cut International Consolidated Airlines Group to an “underweight” rating and lowered their price objective for the stock from GBX 420 ($5.58) to GBX 250 ($3.32) in a research report on Wednesday, March 12th. Finally, Citigroup restated a “buy” rating and set a GBX 390 ($5.18) price objective on shares of International Consolidated Airlines Group in a report on Monday, March 31st. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 348.33 ($4.63).

International Consolidated Airlines Group Stock Up 2.2 %

Shares of LON:IAG opened at GBX 265.70 ($3.53) on Tuesday. The business has a 50 day simple moving average of GBX 276.74 and a two-hundred day simple moving average of GBX 281.12. International Consolidated Airlines Group has a 1 year low of GBX 158.95 ($2.11) and a 1 year high of GBX 368.06 ($4.89). 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 firm has a market capitalization of £15.70 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be issued a €0.06 ($0.07) dividend. This represents a dividend 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 payout ratio is 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.