International Consolidated Airlines Group (LON:IAG) May Have Just Reached An Inflection Point; HSBC Downgrades Shares

May 23, 2018 - By Vivian Park

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

The stock rating of International Consolidated Airlines Group (LON:IAG) was downgraded by research professionals at HSBC to a “Reduce”. This has been announced in analysts note released on Wednesday, 23 May. HSBC from today has a GBX 590.00 PT on the shares, which would suggest a possible downside of -14.33 %.

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. Liberum Capital maintained the shares of IAG in report on Thursday, May 17 with “Buy” rating. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, February 6. The company was maintained on Friday, January 19 by Deutsche Bank. The stock of International Consolidated Airlines Group, S.A. (LON:IAG) has “Buy” rating given on Friday, May 4 by Liberum Capital. The stock of International Consolidated Airlines Group, S.A. (LON:IAG) earned “Outperform” rating by Credit Suisse on Tuesday, February 27. HSBC maintained the stock with “Hold” rating in Thursday, May 3 report. Liberum Capital maintained the shares of IAG in report on Friday, February 23 with “Buy” rating. The stock of International Consolidated Airlines Group, S.A. (LON:IAG) earned “Buy” rating by Deutsche Bank on Monday, March 5. Credit Suisse maintained it with “Outperform” rating and GBX 721 target in Monday, March 5 report. The firm earned “Buy” rating on Wednesday, May 9 by Deutsche Bank.

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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