IAG (Iberia) does not seem to want to land. In fact, it is placed at the top of the ranking with a recovery from the lows of the year of 110% and an increase leading the Ibex of 92% so far in 2024.
But the best, more than the past, is the future. In the week, it has already advanced 7.38% and leads the gains in this bearish session on the Ibex 35. The reason is because Deutsche Bank’s new recommendation which considerably raises both the potential and the rating of the value.
Specifically, the German firm raises its recommendation on IAG shares from hold to buy, while more than considerably increasing its target price: from 2,606 euros to 4,848 euros per share.
And this improvement means that, since yesterday’s closing, the upside potential thatgives to its shares reaches 41%.
Among the reasons argued by the German entity, the endorsement of prices that can continue to rise, while its profit per share will continue to grow, thanks also to lower fuel costs, which will become a key issue by 2025.
And with a contribution in terms of debt, since the ratio between net debt/EBITDA for 2026 could be placed at 0.5x compared to 1.1x at the end of this year.
More additions, a potential additional share buyback worth 700 million euros by 2025, although Deutsche Bank analysts see room for even more substantial improvement.
And all thanks to the progressive improvement in value, with a spectacular increase, which once again places its shares on the stock market at the highest levels of the year. The progression reaches, so far this month 21.3%, exceeding 50% in just three months.
In addition, Deutsche Bank is the second firm that, after raising the price above the psychological level of 3 euros per share, climbs more than significant levels, thanks to the updating of its potential.
In fact, JPMorgan placed it at 5 euros from the previous 3, reiterating buy, its new target price.
Factors that are considerably raising its stock price, while progress approaches 100% annually.