International Consolidated Airlines Group (LON:IAG) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of International Consolidated Airlines Group (LON:IAG) in a research note released on Tuesday, Marketbeat Ratings reports. Peel Hunt currently has a GBX 420 ($5.63) price target on the stock.

Other equities analysts also recently issued reports about the stock. Citigroup reissued a “buy” rating and issued a GBX 390 ($5.23) price target on shares of International Consolidated Airlines Group in a research note on Monday, March 31st. Barclays downgraded shares of International Consolidated Airlines Group to an “underweight” rating and decreased their price target for the stock from GBX 420 ($5.63) to GBX 250 ($3.35) in a research note on Wednesday, March 12th. Jefferies Financial Group raised their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.69) to GBX 400 ($5.36) and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, International Consolidated Airlines Group presently has an average rating of “Moderate Buy” and an average target price of GBX 348.33 ($4.67).

International Consolidated Airlines Group Stock Down 0.2 %

Shares of LON IAG opened at GBX 261.54 ($3.51) on Tuesday. The company’s 50-day simple moving average is GBX 279.27 and its 200-day simple moving average is GBX 280.21. International Consolidated Airlines Group has a 52-week low of GBX 158.95 ($2.13) and a 52-week high of GBX 368.06 ($4.94). The firm has a market cap of £15.45 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

International Consolidated Airlines Group Increases Dividend

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