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International Consolidated Airlines ( (GB:IAG) ) has provided an update.
International Consolidated Airlines Group, S.A. announced the purchase of 995,982 ordinary shares, which will be held as treasury shares, as part of its share repurchase program. This move increases the company’s treasury shares to 150,417,631, impacting its issued share capital and potentially affecting shareholder calculations regarding their interests in the company.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £4.75 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 Neutral.
International Consolidated Airlines’ strong financial recovery and positive earnings call sentiment are the most significant factors driving the score. The technical analysis suggests caution due to bearish trends, while the valuation indicates potential undervaluation. The absence of notable corporate events keeps the focus on financial and operational performance.
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 air transportation services. The company focuses on offering passenger and cargo air transport services across various international markets.
Average Trading Volume: 14,921,955
Technical Sentiment Signal: Buy
Current Market Cap: £17.45B
For detailed information about IAG stock, go to TipRanks’ Stock Analysis page.