International Consolidated Airlns Grp SA (LON:IAG) was downgraded by research analysts at Goldman Sachs Group, Inc. (The) to a “neutral” rating in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 645 ($8.16) price objective on the stock, down from their previous price objective of GBX 705 ($8.92). Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential upside of 9.60% from the company’s previous close.

Several other equities research analysts also recently weighed in on IAG. Liberum Capital reissued a “buy” rating and set a GBX 700 ($8.86) price target on shares of International Consolidated Airlns Grp SA in a research report on Wednesday, June 7th. Peel Hunt reissued an “under review” rating on shares of International Consolidated Airlns Grp SA in a research report on Wednesday, March 1st. Numis Securities Ltd reissued a “buy” rating and set a GBX 238 ($3.01) price target on shares of International Consolidated Airlns Grp SA in a research report on Thursday, March 2nd. Societe Generale set a GBX 650 ($8.22) price target on shares of International Consolidated Airlns Grp SA and gave the company a “neutral” rating in a research report on Thursday, June 1st. Finally, HSBC Holdings plc set a GBX 525 ($6.64) price target on shares of International Consolidated Airlns Grp SA and gave the company a “sell” rating in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 507.86 ($6.42).

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

Shares of International Consolidated Airlns Grp SA (LON IAG) traded up 0.77% during mid-day trading on Thursday, reaching GBX 588.50. The company’s stock had a trading volume of 8,460,664 shares. The company’s market cap is GBX 15.89 billion. The company has a 50-day moving average of GBX 593.92 and a 200-day moving average of GBX 522.90. International Consolidated Airlns Grp SA has a 12 month low of GBX 281.73 and a 12 month high of GBX 619.00.

The firm also recently announced a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 29th will be issued a €0.13 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 2.03%.

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About International Consolidated Airlns Grp SA

International Consolidated Airlines Group, SA is an airline company that holds the interests in airline and ancillary operations. Its segments include British Airways, Iberia, Vueling, Aer Lingus and Other Group companies. It combines the airlines in the United Kingdom, Spain and Ireland. It has approximately 550 aircrafts to over 280 destinations.

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