International Consolidated Airlines Group’s (IAG) Buy Rating Reiterated at Citigroup

Citigroup reiterated their buy rating on shares of International Consolidated Airlines Group (LON:IAG) in a research report sent to investors on Monday morning, Marketbeat.com reports. Citigroup currently has a GBX 390 ($5.06) price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. Jefferies Financial Group increased their price target on International Consolidated Airlines Group from GBX 350 ($4.54) to GBX 400 ($5.19) and gave the company a “buy” rating in a report on Monday, March 3rd. Barclays downgraded International Consolidated Airlines Group to an “underweight” rating and dropped their price objective for the stock from GBX 420 ($5.45) to GBX 250 ($3.25) in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group to a “buy” rating and increased their target price for the company from GBX 215 ($2.79) to GBX 400 ($5.19) in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, International Consolidated Airlines Group has a consensus rating of “Moderate Buy” and an average target price of GBX 334 ($4.34).

International Consolidated Airlines Group Stock Up 1.4 %

Shares of LON:IAG opened at GBX 261 ($3.39) on Monday. The company has a market capitalization of £15.42 billion, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a 50 day moving average of GBX 318.03 and a two-hundred day moving average of GBX 273.11. International Consolidated Airlines Group has a 52-week low of GBX 156.09 ($2.03) and a 52-week high of GBX 368.06 ($4.78). 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 company also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be issued 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.