International Consolidated Airlines Executes Share Buyback

The latest announcement is out from International Consolidated Airlines ( (GB:IAG) ).

International Consolidated Airlines Group announced the repurchase of 1,108,540 ordinary shares to be held as treasury shares, as part of its ongoing share repurchase program initiated earlier in the year. This move is likely to impact the company’s share capital structure and could influence shareholder value, as the total issued share capital now stands at 4,971,476,010 shares.

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 attractive valuation. The earnings call and corporate events provide additional support, while technical analysis reflects moderate short-term volatility.

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 is a major player in the aviation sector, focusing on both European and international markets.

Average Trading Volume: 29,057,874

Technical Sentiment Signal: Strong Buy

Current Market Cap: £14.64B

Find detailed analytics on IAG stock on TipRanks’ Stock Analysis page.