Analysts Set International Consolidated Airlines Group S.A. (LON:IAG) Target Price at GBX 334

International Consolidated Airlines Group S.A. (LON:IAG) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 334 ($4.38).

A number of analysts have commented on the stock. Citigroup restated a “buy” rating and set a GBX 390 ($5.11) price target on shares of International Consolidated Airlines Group in a research report on Monday. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Barclays cut International Consolidated Airlines Group to an “underweight” rating and lowered their price target for the company from GBX 420 ($5.50) to GBX 250 ($3.28) in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and upped their price objective for the company from GBX 215 ($2.82) to GBX 400 ($5.24) in a report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their target price on International Consolidated Airlines Group from GBX 350 ($4.59) to GBX 400 ($5.24) and gave the stock a “buy” rating in a report on Monday, March 3rd.

International Consolidated Airlines Group Stock Performance

IAG stock opened at GBX 247.80 ($3.25) on Tuesday. The company has a 50-day simple moving average of GBX 316.35 and a 200 day simple moving average of GBX 272.93. The company has a market capitalization of £14.64 billion, a P/E ratio of 5.23, a PEG ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. International Consolidated Airlines Group has a fifty-two week low of GBX 156.09 ($2.05) and a fifty-two week high of GBX 368.06 ($4.82).

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 given a dividend of €0.06 ($0.07) per share. This represents a dividend yield of 1.72%. The ex-dividend date is Thursday, June 26th. This is an increase from International Consolidated Airlines Group’s previous dividend of $0.03. International Consolidated Airlines Group’s dividend payout ratio 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.