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

Credit Suisse cuts IAG price target to reflect rights issue risk

By Michele Maatouk

Date: Friday 10 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Credit Suisse cut its price target on shares of British Airways and Iberia parent IAG on Friday to 195p from 256p to reflect the increasing risk of a rights issue.
"We think it is getting increasingly likely IAG looks to raise equity, and while we do not change our forecasts in this note (which are each €0.5bn below Bloomberg consensus EBIT in 2021-2022E), we reflect the risk of shareholder dilution in our target price."

The bank said it is conscious that until the transatlantic market re-opens unfettered, the IAG investment case will remain challenging.

However, it retained its 'outperform' rating on the stock, saying it continues to see it as one of the best ways to play ultimate air travel recovery across the value chain, alongside names such as Ryanair, Wizz Air, Airbus and Aena.

At 1335 BST, the shares were down 3.8% at 145.74p.

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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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