International Consolidated Airlines Grp Cut to “Sell” at AlphaValue (IAG)
International Consolidated Airlines Grp (LON:IAG) was downgraded by equities researchers at AlphaValue to a “sell” rating in a research report issued on Wednesday. They currently have a GBX 306.97 ($5.08) target price on the stock. AlphaValue’s price objective would suggest a potential downside of 14.28% from the stock’s previous close.
A number of other firms have also recently commented on IAG. Analysts at Barclays reiterated an “overweight” rating on shares of International Consolidated Airlines Grp in a research note on Monday, August 11th. They now have a GBX 500 ($8.27) price target on the stock. Separately, analysts at Ahorro Corporacion Financiera SA reiterated a “buy” rating on shares of International Consolidated Airlines Grp in a research note on Wednesday, August 6th. They now have a GBX 444.06 ($7.35) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of International Consolidated Airlines Grp in a research note on Tuesday, August 5th. They now have a GBX 400 ($6.62) price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 517.07 ($8.56).
Shares of International Consolidated Airlines Grp (LON:IAG) opened at 364.30 on Wednesday. International Consolidated Airlines Grp has a 52-week low of GBX 278.80 and a 52-week high of GBX 493.00. The stock has a 50-day moving average of GBX 334.9 and a 200-day moving average of GBX 389.8. The company’s market cap is £7.612 billion.
International Consolidated Airlines Group, SA (LON:IAG) is an airline company.
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