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International Consolidated Airlines ( (GB:IAG) ) has shared an update.
International Consolidated Airlines Group announced the purchase of 953,028 ordinary shares as part of its share repurchase program. This move increases the company’s treasury shares to 323,685,242, impacting its issued share capital and potentially influencing shareholder calculations for reporting to the Spanish National Securities Market Commission.
The most recent analyst rating on (GB:IAG) stock is a Hold with a £185.00 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 of 77 reflects International Consolidated Airlines’ strong financial recovery, positive technical indicators, and strategic outlook from the recent earnings call. While valuation and leverage are areas to watch, the company’s momentum and strategic investments in fleet expansion and buybacks position it well for future growth.
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 for passengers and cargo. The company focuses on international and domestic flights, serving a wide range of destinations across the globe.
Average Trading Volume: 24,691,320
Technical Sentiment Signal: Buy
Current Market Cap: £17.17B
For a thorough assessment of IAG stock, go to TipRanks’ Stock Analysis page.