International Consolidated Airlines Grp Price Target Cut to GBX 470 by Analysts at Deutsche Bank (IAG)
Deutsche Bank lowered their target price on shares of International Consolidated Airlines Grp (LON:IAG) from GBX 506 ($8.66) to GBX 470 ($8.05) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 37.83% from the stock’s previous close.
A number of other analysts have also recently weighed in on IAG. Analysts at Jefferies Group cut their price target on shares of International Consolidated Airlines Grp from GBX 510 ($8.73) to GBX 480 ($8.22) in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of International Consolidated Airlines Grp in a research note on Thursday, July 10th. They now have a GBX 470 ($8.05) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of International Consolidated Airlines Grp in a research note on Thursday, July 10th. They now have a GBX 587 ($10.05) price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 513.81 ($8.80).
Shares of International Consolidated Airlines Grp (LON:IAG) traded up 2.46% on Wednesday, hitting GBX 341.00. The stock had a trading volume of 11,661,331 shares. International Consolidated Airlines Grp has a 52 week low of GBX 273.00 and a 52 week high of GBX 493.00. The stock’s 50-day moving average is GBX 377.3 and its 200-day moving average is GBX 406.9. The company’s market cap is £6.747 billion.
International Consolidated Airlines Group, SA (LON:IAG) is an airline company.
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