International Consolidated Airlns Grp (LON:IAG) was upgraded by analysts at Royal Bank of Canada to an “outperform” rating in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a GBX 650 ($8.49) target price on the stock. Royal Bank of Canada’s price target indicates a potential upside of 19.49% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on IAG. UBS Group reiterated a “neutral” rating on shares of International Consolidated Airlns Grp in a report on Wednesday, November 21st. Sanford C. Bernstein set a GBX 750 ($9.80) target price on International Consolidated Airlns Grp and gave the stock a “buy” rating in a report on Friday, November 23rd. Macquarie set a GBX 480 ($6.27) target price on International Consolidated Airlns Grp and gave the stock a “sell” rating in a report on Monday, November 26th. HSBC set a GBX 550 ($7.19) target price on International Consolidated Airlns Grp and gave the stock a “sell” rating in a report on Monday, December 10th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of International Consolidated Airlns Grp in a report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 702.87 ($9.18).
Shares of IAG stock opened at GBX 544 ($7.11) on Wednesday. International Consolidated Airlns Grp has a fifty-two week low of GBX 516 ($6.74) and a fifty-two week high of GBX 680.60 ($8.89).
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, IAG Cargo, Avios, and Aer Lingus brands.
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