Los RBC analysts give a new boost to IAGwith an improvement in the target price of shares listed in London up to 350 pencefrom 230 pence previously. The new valuation represents an upward potential of 18.8% for shares that rose 0.92% today at mid-morning to reach 294.47 pence.
The airline holding company has just set a new intraday annual high yesterday at 295.60 pence, and has already accumulated a rise of 109% since it set a minimum of 140.85 pence on January 18.
Analysts remain confident that this spectacular streak will continue. According to data compiled by Reuters, on average the houses that cover IAG give it a ‘buy’ recommendation and a target price of 313.44 pence per share, 6.5% above the current valuation.
If the IAG shares listed in London are performing spectacularly, the performance of those listed in Spain is even more so, which today rose another 0.68% to 3.552 euros, already skyrocketing 115.6% since the January 18 marked an annual minimum of 1,647 euros.
The titles are found exploring new yearly highsalready exceeding the 3,548 euros that reached its peak in yesterday’s session.
However, in this case the strong revaluation seems to have surprised even analysts. According to Reuters data, the majority recommendation is ‘comprar‘, but the average target price, of 3.39 euros, is 4.5% below the current price.
IAG is not only at annual highs, but is also treading heights that it had not crossed since March 2020, at the beginning of the pandemic. At that time, the airline holding company was on the verge of losing one euro per share (1,008 euros on October 2, 2020) during the second wave of covid-19, having more than tripled its price since then.
However, the value still has a considerable way to go to recover pre-pandemic levels. On February 19, 2020, a month before the state of alarm was declared in Spain, the airline’s shares reached 5,11 euros. That is to say, They would have to rise 44% to recover this level from the current quote.