This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
International consolidated airlines
Int. Consolidated Airlines (IAG) / Travel
In the event of a UK exit from the EU, UK passenger numbers – for both business and pleasure – may well track Sterling lower. But the conglomerate that owns British Airways and Ireland’s Aer Lingus is largely insulated from this due to its international standing. Recent share price weakness on a surging oil price has seen shares retreat to technical 16-month rising support, a bounce off which would ratify the opinions of all the brokers who cover IAG, with no ‘sell’ ratings currently issued on the stock.
IAG, 4-year chart (Source: IT Finance)
Consensus Roundup
Bullish: Goodbody, Buy, Target 1235p, +138% (25 Apr)
Consensus: Target 742p, +43% (17 May)
Bearish: Cantor Fitzgerald, Hold, Target 520p, +0.4% (29 April)
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Prepared by Michael van Dulken, Head of Research
