Brokerages Set International Consolidated Airlines Group S.A. (LON:IAG) Target Price at GBX 334

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 348.33 ($4.64).

IAG has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Barclays cut International Consolidated Airlines Group to an "underweight" rating and reduced their price target for the company from GBX 420 ($5.60) to GBX 250 ($3.33) in a research report on Wednesday, March 12th. Jefferies Financial Group boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.66) to GBX 400 ($5.33) and gave the stock a "buy" rating in a research report on Monday, March 3rd. Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.60) price objective on shares of International Consolidated Airlines Group in a report on Tuesday. Finally, Citigroup reiterated a "buy" rating and issued a GBX 390 ($5.20) price target on shares of International Consolidated Airlines Group in a research note on Monday, March 31st.

International Consolidated Airlines Group Trading Up 2.4 %

Shares of IAG traded up GBX 6.30 ($0.08) during trading hours on Friday, reaching GBX 266.30 ($3.55). The stock had a trading volume of 64,910,348 shares, compared to its average volume of 26,324,416. The company has a market cap of £15.74 billion, a P/E ratio of 5.62, a P/E/G ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 52 week low of GBX 158.95 ($2.12) and a 52 week high of GBX 368.06 ($4.90). The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The firm has a 50-day moving average of GBX 277.95 and a 200 day moving average of GBX 280.65.

International Consolidated Airlines Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be issued a dividend of €0.06 ($0.07) per share. 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. This represents a yield of 1.72%. International Consolidated Airlines Group's dividend payout ratio is presently 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.