In a report released today, Jaina Mistry from Jefferies maintained a Buy rating on International Consolidated Airlines, with a price target of £4.00.
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Jaina Mistry’s rating is based on several positive indicators for International Consolidated Airlines. The company reported a strong second quarter, with sales and adjusted EBIT exceeding expectations, largely aided by favorable foreign exchange rates and fuel costs. This performance led to a consensus upgrade in net profit projections, suggesting a positive outlook for the remainder of the year.
Additionally, the company is benefiting from robust cash generation and higher margins compared to pre-COVID levels. The potential for further growth is supported by self-help opportunities, particularly at British Airways, and the company’s strong balance sheet, which provides flexibility for brand expansion or dividend growth. These factors contribute to the perceived value in IAG shares, justifying the Buy rating.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p419.00 price target.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IAG in relation to earlier this year.