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International Consolidated Airlines ( (GB:IAG) ) just unveiled an update.
International Consolidated Airlines Group announced the purchase of 1,897,570 ordinary shares to be held as treasury shares, as part of its share purchase program. This move increases the company’s treasury shares to 157,304,947, impacting its issued share capital and potentially affecting shareholder notifications to the Spanish National Securities Market Commission.
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 travel across various international destinations.
Average Trading Volume: 15,433,437
Technical Sentiment Signal: Buy
Current Market Cap: £18.12B
See more insights into IAG stock on TipRanks’ Stock Analysis page.