Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
International Consolidated Airlines ( (GB:IAG) ) has provided an update.
International Consolidated Airlines Group announced the purchase of 3,925,987 ordinary shares to be held as treasury shares, as part of its ongoing share repurchase program. This move increases the company’s treasury shares to 264,240,135, potentially impacting shareholder calculations regarding their interest in the company.
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.
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. is a major player in the airline industry, providing air transportation services. The company operates a portfolio of airlines, serving various international and domestic markets.
Average Trading Volume: 29,740,874
Technical Sentiment Signal: Buy
Current Market Cap: £15.81B
Learn more about IAG stock on TipRanks’ Stock Analysis page.