International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

164.10p
   
  • Change Today:
      0.60p
  • 52 Week High: 186.45
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 4,971.48m
  • Volume: 6,857,533
  • Market Cap: £8,158m
  • RiskGrade: 338

JPMorgan sees further upside at IAG despite recent rally

By Benjamin Chiou

Date: Monday 13 May 2024

LONDON (ShareCast) - (Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.
The bank reiterated its 'overweight' position on the shares, which was up 2.1% at 185.02p by 0953 BST.

Despite the recent rally - the stock has gained more than 30% since 5 March - JPMorgan said price growth, cost execution and lower disruption should benefit results in the coming quarters.

First-quarter results from IAG last week showed a "small beat" in earnings before interest and tax (EBIT), said analyst Harry Gowers. Meanwhile, strong pricing reinforces the bank's confidence over full-year results, while cost pressure from investments and wages is "likely to fade".

"We continue to see an opportunity for IAG to outperform consensus expectations, where we are now c8% above company consensus EBIT for 2024E, pre any moves in consensus, despite the start of a re-investment cycle (higher opex/capex)," Gowers said.

"The re-investment back into the business should then benefit longer-term earnings, with management on the call stating they expect British Airways could recoup its c€500m EBIT shortfall vs. 2019 over the next 1-2 years."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BA Market Data

Currency UK Pounds
Share Price 164.10p
Change Today 0.60p
% Change 0.37 %
52 Week High 186.45
52 Week Low 138.00
Volume 6,857,533
Shares Issued 4,971.48m
Market Cap £8,158m
RiskGrade 338

BA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.58% above the market average86.58% above the market average86.58% above the market average86.58% above the market average86.58% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
38.10% above the market average38.10% above the market average38.10% above the market average38.10% above the market average38.10% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income
91.17% above the market average91.17% above the market average91.17% above the market average91.17% above the market average91.17% above the market average
90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average
Growth
98.43% above the market average98.43% above the market average98.43% above the market average98.43% above the market average98.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 5
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BA Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 04-Jul-19
Paid 02-Dec-19 08-Jul-19
Amount 14.50¢ 16.50¢

Trades for 17-Jun-2024

Time Volume / Share Price
13:07 446 @ 164.10p
13:05 204 @ 164.10p
13:05 275 @ 164.10p
13:05 291 @ 164.10p
13:03 26 @ 164.10p

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