Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from International Consolidated Airlines ( (GB:IAG) ).
International Consolidated Airlines Group announced the purchase of 113,164 ordinary shares to be held as treasury shares, as part of its share repurchase programme. This move increases the company’s treasury shares to 247,645,302, impacting its issued share capital and potentially influencing shareholder calculations regarding their interests.
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.
International Consolidated Airlines Group is showing strong financial recovery with robust revenue and profit growth, supported by strategic initiatives such as fleet expansion and share buybacks. Despite attractive valuation, technical indicators suggest caution due to potential overbought conditions and high leverage. Overall, the outlook is positive with strong fundamentals, though industry volatility and external challenges may pose risks.
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, primarily offering passenger and cargo air transportation services. It is a major player in the aviation sector with a focus on international and domestic flights.
Average Trading Volume: 28,724,945
Technical Sentiment Signal: Buy
Current Market Cap: £15.24B
See more insights into IAG stock on TipRanks’ Stock Analysis page.