International Consolidated Airlines Group Expands Treasury Shares

International Consolidated Airlines ( (GB:IAG) ) has provided an announcement.

International Consolidated Airlines Group announced the purchase of 3,880,205 ordinary shares as part of its share repurchase program initiated earlier in the year. This transaction, executed through Morgan Stanley Europe SE, increases the company’s treasury shares to 283,739,611 and impacts the issued share capital, which stakeholders can use for regulatory notifications.

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 demonstrates strong financial recovery and market momentum, bolstered by strategic expansions and efficient cash flow management. Key strengths include revenue growth and undervaluation based on P/E ratio. Challenges such as market volatility and leverage need careful management.

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 aviation industry, primarily providing air transportation services. The company focuses on offering passenger and cargo airline services across various international markets.

Average Trading Volume: 30,156,261

Technical Sentiment Signal: Buy

Current Market Cap: £15.71B

Learn more about IAG stock on TipRanks’ Stock Analysis page.