International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

176.75p
   
  • Change Today:
      5.25p
  • 52 Week High: 177.70
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 4,971.48m
  • Volume: 31,977,624
  • Market Cap: £8,787m
  • RiskGrade: 338

Europe open: Travel stocks jump as restrictions on sector ease

By Alexander Bueso

Date: Tuesday 26 May 2020

LONDON (ShareCast) - (Sharecast News) - Stocks in Europe are extending gains from the previous session as travel stocks rally amid news of easing travel restrictions across the Continent.
Investors were also taking a glass 'half full' approach to the latest news around efforts to develop a vaccine for the novel coronavirus.

Shares of Novavax were bounding ahead by 20%, having already multiplied their value nearly tenfold year-to-date, after the US biotechnology outfit said it had begun human trials of its vaccine candidate with a first reading possible in July.

"The vaccine news has been the spark that was needed to push stock markets above and beyond month-long sideways ranges. Another new vaccine in development offers another path towards the coronavirus endgame," said Jasper Lawler, director of research at LCG.

As of 1030 GMT, Europe's main indices were pushing towards 11-week highs, with the benchmark Stoxx 600 up by 1.0% to 348.64 alongside a 0.67% advance for the German Dax to 11,469.50, while the FTSE Mibtel was ahead by 1.39% to 17,839.71.

Travel& Leisure issues were easily the best performing group on the pan-European Stoxx 600, jumping 6.67%, followed by a 3.31% gain for lenders' shares.

Over the weekend, the Spanish government announced that 14-day quarantines for visitors to the country would cease at the start of July, boosting shares in the likes of IAG and Easyjet.

TUI AG was another top gainer following reports that Berlin was set to cancel travel warnings.

In the background, S&P 500 futures were pointing to a move past the 3,000 point mark for that index at the start of trading.

The latest batch of economic data was positive on the whole.

Consultancy GfK's consumer confidence index for Germany improved marginally from a reading of -23.1 for May to -18.9 in June (consensus: -18.0).

Nevertheless, some economists said the details were stronger, pointing to a solid foundation for consumption to bounce back during the third quarter, despite workers' caution in the wake of reduced working hours.

The day before, the closely-followed IFO institute's German business confidence index rose from April's level of 74.2 points to 79.5 in May (consensus: 78.3).

On the coronavirus front, on Sunday the number of new Covid-19 cases in Spain fell to 130.

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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 176.75p
Change Today 5.25p
% Change 3.06 %
52 Week High 177.70
52 Week Low 138.00
Volume 31,977,624
Shares Issued 4,971.48m
Market Cap £8,787m
RiskGrade 338

BA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.92% above the market average84.92% above the market average84.92% above the market average84.92% above the market average84.92% above the market average
79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average
Price Trend
82.63% above the market average82.63% above the market average82.63% above the market average82.63% above the market average82.63% above the market average
89.09% above the sector average89.09% above the sector average89.09% above the sector average89.09% above the sector average89.09% above the sector average
Income
92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Growth
98.16% above the market average98.16% above the market average98.16% above the market average98.16% above the market average98.16% 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 7
Neutral 5
Sell 0
Strong Sell 0
Total 17
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 28-Mar-2024

Time Volume / Share Price
16:35 9,893,209 @ 176.75p
16:35 820 @ 176.75p
16:35 10,866 @ 176.75p
16:35 2,751 @ 176.75p
16:35 343 @ 176.75p

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