Royal Bank Of Canada Raises IAG Price Target to GBX 500

Analysts at Royal Bank Of Canada have raised their price target for International Consolidated Airlines Group (LON:IAG) to GBX 500 from GBX 465. The move follows a report issued on Friday by London Stock Exchange, citing the bank's analysts.

The firm currently has an 'outperform' rating on the stock and suggests a potential upside of 18.26% from the company's current price. This increase comes despite other analysts having differing opinions on the airline's value.

For example, Citigroup recently cut their price objective on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a 'buy' rating for the company in an August report. Meanwhile, UBS Group reissued a 'sell' rating and issued a GBX 355 price target on shares of International Consolidated Airlines Group in May.

The consensus rating among analysts is currently 'Moderate Buy', with a consensus target price of GBX 510.