International Consolidated Airlines Group S.A. (LON:IAG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of International Consolidated Airlines Group S.A. (LON:IAG) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 334 ($4.32).

IAG has been the subject of several research reports. Barclays lowered shares of International Consolidated Airlines Group to an “underweight” rating and reduced their price objective for the company from GBX 420 ($5.43) to GBX 250 ($3.23) in a research report on Wednesday, March 12th. Jefferies Financial Group lifted their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.52) to GBX 400 ($5.17) and gave the stock a “buy” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and increased their price objective for the company from GBX 215 ($2.78) to GBX 400 ($5.17) in a research report on Wednesday, December 11th. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Finally, Citigroup restated a “buy” rating and set a GBX 390 ($5.04) price objective on shares of International Consolidated Airlines Group in a report on Monday.

International Consolidated Airlines Group Price Performance

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

International Consolidated Airlines Group Increases Dividend

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