Published On: Mon, Sep 12th, 2016

International Consolidated Airlns Grp SA (IAG) Price Target Cut to GBX 590 by Analysts at Deutsche Bank AG

International Consolidated Airlns Grp SA (LON:IAG) had its price target decreased by Deutsche Bank AG from GBX 610 ($8.12) to GBX 590 ($7.86) in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 40.04% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Societe Generale reaffirmed a “buy” rating and issued a GBX 500 ($6.66) price target on shares of International Consolidated Airlns Grp SA in a report on Monday, July 11th. Barclays PLC dropped their price objective on International Consolidated Airlns Grp SA from GBX 700 ($9.32) to GBX 420 ($5.59) and set an “overweight” rating for the company in a report on Wednesday, July 6th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 529 ($7.05) price objective on shares of International Consolidated Airlns Grp SA in a report on Friday, July 15th. Cenkos Securities Ltd reissued a “buy” rating on shares of International Consolidated Airlns Grp SA in a report on Wednesday, June 29th. Finally, HSBC reissued a “reduce” rating and set a GBX 300 ($4.00) price objective on shares of International Consolidated Airlns Grp SA in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company. International Consolidated Airlns Grp SA presently has an average rating of “Buy” and a consensus price target of GBX 606.29 ($8.08).
International Consolidated Airlns Grp SA (LON:IAG) traded down 0.19% during mid-day trading on Monday, hitting GBX 421.26. 9,013,385 shares of the stock were exchanged. The stock’s market capitalization is GBX 8.16 billion. International Consolidated Airlns Grp SA has a 12-month low of GBX 336.06 and a 12-month high of GBX 619.00. The firm has a 50-day moving average price of GBX 398.77 and a 200-day moving average price of GBX 478.31.

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About International Consolidated Airlns Grp SA
International Consolidated Airlines Group, SA (IAG) is a holding company. The Company is an airline company, which holds the interests of airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. IAG combines the airlines in the United Kingdom, Spain and Ireland.

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