HSBC Has Decided To Downgrade International Consolidated Airlines Group (LON:IAG) Shares

May 23, 2018 - By Stephen Andrade

International Consolidated Airlines Group (LON:IAG) Receives a Downgrade

International Consolidated Airlines Group (LON:IAG)‘s stock was cut to a solid Reduce by research analysts at HSBC, who now has a TP of GBX 590.00. Their target is -14.33 % from IAG’s current share price.

International Consolidated Airlines Group, S.A. (LON:IAG) Ratings Coverage

Among 5 analysts covering International Consolidated Airlines Group (LON:IAG), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. International Consolidated Airlines Group has GBX 875 highest and GBX 590 lowest target. GBX 739.20’s average target is 7.72% above currents GBX 686.2 stock price. International Consolidated Airlines Group had 21 analyst reports since November 28, 2017 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and GBX 730 target in Friday, December 1 report. The stock has “Overweight” rating by Barclays Capital on Tuesday, December 5. The firm has “Buy” rating given on Friday, January 19 by Deutsche Bank. Liberum Capital maintained the stock with “Buy” rating in Friday, May 4 report. The stock of International Consolidated Airlines Group, S.A. (LON:IAG) earned “Overweight” rating by Barclays Capital on Monday, February 26. HSBC maintained the stock with “Hold” rating in Thursday, May 3 report. The stock of International Consolidated Airlines Group, S.A. (LON:IAG) has “Outperform” rating given on Tuesday, January 2 by Credit Suisse. The rating was maintained by Credit Suisse with “Outperform” on Friday, May 4. On Tuesday, February 6 the stock rating was maintained by Deutsche Bank with “Buy”. Credit Suisse maintained the shares of IAG in report on Monday, March 5 with “Outperform” rating.

The stock decreased 2.33% or GBX 16.4 during the last trading session, reaching GBX 686.2. About 3.14 million shares traded. International Consolidated Airlines Group, S.A. (LON:IAG) has 0.00% since May 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await International Consolidated Airlines Group, S.A. (LON:IAG) to report earnings on August, 8. They expect $0.03 earnings per share, up 200.00 % or $0.02 from last year’s $0.01 per share. IAG’s profit will be $613,509 for 5718.33 P/E if the $0.03 EPS becomes a reality. After $0.09 actual earnings per share reported by International Consolidated Airlines Group, S.A. for the previous quarter, Wall Street now forecasts -66.67 % negative EPS growth.

International Consolidated Airlines Group, S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company has market cap of 14.03 billion GBP. The firm operates under the British Airways, Iberia, Vueling, and Aer Lingus bands. It has a 4.3 P/E ratio. It operates a fleet of 548 aircraft flying to 279 destinations.

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