International Consolidated Airlines Group S.A. (LON:IAG) Receives Average Rating of "Moderate Buy" from Brokerages

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 334 ($4.31).

Several equities analysts recently issued reports on IAG shares. Deutsche Bank Aktiengesellschaft upgraded shares of International Consolidated Airlines Group to a "buy" rating and boosted their price target for the company from GBX 215 ($2.77) to GBX 400 ($5.16) in a research report on Wednesday, December 11th. Barclays downgraded International Consolidated Airlines Group to an "underweight" rating and cut their price target for the stock from GBX 420 ($5.42) to GBX 250 ($3.22) in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Citigroup restated a "buy" rating and set a GBX 390 ($5.03) price target on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Finally, Jefferies Financial Group increased their price objective on shares of International Consolidated Airlines Group from GBX 350 ($4.51) to GBX 400 ($5.16) and gave the company a "buy" rating in a research report on Monday, March 3rd.

International Consolidated Airlines Group Trading Down 4.0 %

Shares of IAG traded down GBX 9.80 ($0.13) during mid-day trading on Tuesday, hitting GBX 238 ($3.07). 1,070,210,625 shares of the company's stock traded hands, compared to its average volume of 41,266,305. The business's 50-day moving average price is GBX 314.56 and its 200-day moving average price is GBX 273.82. International Consolidated Airlines Group has a 1 year low of GBX 156.09 ($2.01) and a 1 year high of GBX 368.06 ($4.75). The firm has a market capitalization of £14.06 billion, a P/E ratio of 5.03, a PEG 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 announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be paid a dividend of €0.06 ($0.07) per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a yield of 1.72%. This is a boost from International Consolidated Airlines Group's previous dividend of $0.03. International Consolidated Airlines Group's dividend payout ratio is currently 10.56%.

About International Consolidated Airlines Group

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.