Citigroup Reiterates Buy Rating for International Consolidated Airlines Group (LON:IAG)

Citigroup restated their buy rating on shares of International Consolidated Airlines Group (LON:IAG - Free Report) in a research note released on Monday, MarketBeat.com reports. Citigroup currently has a GBX 390 ($5.03) price target on the stock.

Several other equities research analysts have also recently issued reports on IAG. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a "buy" rating and raised their price target for the stock from GBX 215 ($2.77) to GBX 400 ($5.16) in a research note on Wednesday, December 11th. 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 boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.51) to GBX 400 ($5.16) and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Barclays downgraded International Consolidated Airlines Group to an "underweight" rating and lowered their price objective for the company from GBX 420 ($5.42) to GBX 250 ($3.22) in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 334 ($4.31).

International Consolidated Airlines Group Price Performance

Shares of IAG traded down GBX 9.80 ($0.13) during trading hours on Monday, reaching GBX 238 ($3.07). 1,070,210,625 shares of the company traded hands, compared to its average volume of 41,266,305. The stock has a market capitalization of £14.06 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The stock has a fifty day simple moving average of GBX 314.56 and a 200 day simple moving average of GBX 273.82. International Consolidated Airlines Group has a fifty-two week low of GBX 156.09 ($2.01) and a fifty-two week high of GBX 368.06 ($4.75). 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 announced a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a €0.06 ($0.07) dividend. This is a positive change from International Consolidated Airlines Group's previous dividend of $0.03. This represents a dividend yield of 1.72%. The ex-dividend date is Thursday, June 26th. International Consolidated Airlines Group's dividend payout ratio (DPR) 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.