International Consolidated Airlns Grp SA (IAG) Price Target Cut to GBX 155

International Consolidated Airlns Grp SA (LON:IAG) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from GBX 180 ($2.22) to GBX 155 ($1.91) in a report issued on Friday. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 72.57% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Peel Hunt restated an “add” rating and issued a GBX 300 ($3.71) target price on shares of International Consolidated Airlns Grp SA in a research note on Monday, December 5th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 344 ($4.25) price objective on shares of International Consolidated Airlns Grp SA in a research note on Monday, December 12th. Deutsche Bank AG reiterated a “buy” rating on shares of International Consolidated Airlns Grp SA in a research note on Thursday, December 1st. Goldman Sachs Group Inc upgraded shares of International Consolidated Airlns Grp SA to a “buy” rating and increased their price objective for the company from GBX 490 ($6.05) to GBX 580 ($7.16) in a research note on Friday, January 27th. Finally, Beaufort Securities reiterated a “buy” rating on shares of International Consolidated Airlns Grp SA in a research note on Monday, February 27th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. International Consolidated Airlns Grp SA presently has an average rating of “Buy” and a consensus price target of GBX 458.84 ($5.67).

Analyst Recommendations for International Consolidated Airlns Grp SA (LON:IAG)

Shares of International Consolidated Airlns Grp SA (LON:IAG) opened at 565.50 on Friday. The firm has a 50-day moving average of GBX 521.18 and a 200 day moving average of GBX 454.65. International Consolidated Airlns Grp SA has a 12 month low of GBX 281.73 and a 12 month high of GBX 576.84. The company’s market capitalization is GBX 11.99 billion.

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About International Consolidated Airlns Grp SA

International Consolidated Airlines Group SA (IAG) is an airline company holding interests in airline and ancillary operations. The Company’s segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. British Airways is an international airline and carrier. Iberia is an airline between Europe and Latin America.

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