International Airlines Group Expands Treasury Shares Through Repurchase

International Consolidated Airlines ( (GB:IAG) ) just unveiled an announcement.

International Consolidated Airlines Group announced the purchase of 1,100,630 ordinary shares to be held as treasury shares, as part of its share repurchase program initiated earlier this year. This move increases the company’s treasury shares to 296,845,683, impacting its issued share capital and potentially influencing shareholder notifications to the Spanish National Securities Market Commission.

The most recent analyst rating on (GB:IAG) stock is a Hold with a £1.85 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.

Spark’s Take on GB:IAG Stock

According to Spark, TipRanks’ AI Analyst, GB:IAG is a Outperform.

The overall stock score is driven by strong financial performance and valuation, indicating a robust recovery and potential undervaluation. Technical indicators suggest mixed momentum, while recent earnings call and corporate actions reflect strategic growth and shareholder value enhancement.

To see Spark’s full report on GB:IAG stock, click here.

More about International Consolidated Airlines

International Consolidated Airlines Group, S.A. operates in the airline industry, providing passenger and cargo air transportation services. The company focuses on international and domestic flights, serving a wide range of destinations globally.

Average Trading Volume: 29,492,683

Technical Sentiment Signal: Strong Buy

Current Market Cap: £14.64B

For detailed information about IAG stock, go to TipRanks’ Stock Analysis page.