oldjoe1
13 Jul 2015
Re: IAG Growth Soars <b>IAG tops FTSE 100 on UBS upgrade to 'buy'</b>Mon 13 July 2015(ShareCast News) - International Consolidated Airlines Group rose to the top of the FTSE 100 after UBS upgraded the stock to 'buy' from 'neutral' and raised its price target to 700p from 580p.It said that since hitting a high of 617p in April, the shares have fallen nearly 20% and now represent a good entry point. The broker put emphasis on what it considers to be an attractive valuation and exposure to recovering UK, US and European markets, and said most of the heavy lifting at Iberia is done, with further benefits to come through in 2015.UBS said there is upside to forecasts given restructuring and potential further falls in the oil price and noted that this will be the first year the group pays a dividend.The bank said its Evidence Lab Travel Intentions Survey provides confidence that travel intentions as they related to the UK remain strong, while currency continues to have a positive impact."While we are concerned about short-haul capacity, the long-haul capacity situation is reassuring. Lastly, we expect earnings momentum to continue to be positive given a recovering Europe and any direct impact from Greece is minimal (less than 1% of IAG capacity)," said UBS.IAG is the parent company of British Airways and Iberia.
Spain Fund
13 Jul 2015
UBS upgrade to 'buy' IAG tops FTSE 100 on UBS upgrade to 'buy'Michele MaatoukDate: Monday 13 Jul 2015LONDON (ShareCast) - (ShareCast News) - International Consolidated Airlines Group rose to the top of the FTSE 100 after UBS upgraded the stock to 'buy' from 'neutral' and raised its price target to 700p from 580p.It said that since hitting a high of 617p in April, the shares have fallen nearly 20% and now represent a good entry point. The broker put emphasis on what it considers to be an attractive valuation and exposure to recovering UK, US and European markets, and said most of the heavy lifting at Iberia is done, with further benefits to come through in 2015.UBS said there is upside to forecasts given restructuring and potential further falls in the oil price and noted that this will be the first year the group pays a dividend.The bank said its Evidence Lab Travel Intentions Survey provides confidence that travel intentions as they related to the UK remain strong, while currency continues to have a positive impact."While we are concerned about short-haul capacity, the long-haul capacity situation is reassuring. Lastly, we expect earnings momentum to continue to be positive given a recovering Europe and any direct impact from Greece is minimal (less than 1% of IAG capacity)," said UBS.IAG is the parent company of British Airways and Iberia.
oldjoe1
12 Jul 2015
Re: IAG Technically Looks Very Strong...... International Consolidated Airlines Group broker viewsDate Broker Recommendation Price Old target price New target price Notes07 Jul Credit Suisse Outperform 531.00 750.00 750.00 Reiterates06 Jul Jefferies International Buy 531.00 700.00 700.00 Reiterates01 Jun Nomura Buy 531.00 - - Retains29 May Liberum Capital Buy 531.00 700.00 700.00 Retains29 May Societe Generale Buy 531.00 750.00 750.00 Reiterates
oldjoe1
12 Jul 2015
Re: IAG Technically Looks Very Strong...... <b>Share of the week: IAG gets Ryanair's backing</b>Lee Wild | Fri, 10th July 2015 - 16:33Ryanair (RYA) boss Michael O'Leary has finally and begrudgingly accepted International Consolidated Airlines' (IAG) offer for Aer Lingus. The Irishman had refused to give up his 29.8% stake in the budget carrier following a €1.3 billion (£940 million) bid from the British Airways owner. But IAG was in demand for other reasons this week and the shares are up 8% in side five days.Getting Ryanair's backing for the deal - already accepted by the Irish government which owned 25% of the business - means IAG can now move forward. It just needs approval from the European competition authorities.And this is clearly good business for Willie Walsh's IAG. Aer Lingus has 23 valuable Heathrow slot pairs, and its fleet of short-haul A320 jets will sit well alongside the flag carrier's existing operators - Iberia, British Airways and Vueling - which have all integrated well.Of course, low oil prices and a thriving economy help the airlines. IAG shares have soared from just 140p three years ago to a high of 630p in March. On Friday they kissed technical support at around 530p, as high as they've been for five weeks.But analysts at Credit Suisse believe there's much more to come. In a note published on Tuesday, the broker repeated its 'outperform' rating for IAG and 750p price target.In a note analysing transatlantic business, Credit Suisse tips earnings per share (EPS) to grow by 84% in 2015 to €0.74, then by 34% next year and 13% in 2017. That puts IAG shares on a modest forward price/'earnings ratio of less than 10 for 2015, dropping to just 7 next year.Expect pricing growth in all fare classes on the Heathrow to JFK route persisting into summer, it says. There has been no discernible increase in price competition, and BA's leading share of 60% of Heathrow-US positions it to continue to deliver strong pricing.<b>"In Europe, IAG's investment case is most Transatlantic-centric and we expect a strong summer for IAG to re-invigorate the share price with it trading at 4.7x 2016E EV/EBITDAR, the lowest multiple of the big five European names," writes analyst Neil Glynn.</b>
oldjoe1
12 Jul 2015
Re: IAG Technically Looks Very Strong...... IAG International Consolidated Airlines could be in for an extended Bull Run after recent fundy developments. Cheap.. very cheap.[link]
oldjoe1
12 Jul 2015
IAG Technically Looks Very Strong...... c
Spain Fund
04 Jul 2015
IAG Growth Soars Last month's traffic grew 9.1% year on year. Growth Vueling 14.9% and Iberia 17.9%. British Airways 1.9%. Flights to European and Latin America destinations grew by over 15%
mraverage88
30 Jun 2015
Re: Positive vibes but share price drops... Seems my prediction was correct..
Dr Trustme
29 Jun 2015
Re: Positive vibes but share price drops... At below 500, this looks a steal. Money sourced for AERL bid and good dividends predicted. However, the Greek tragedy and current security risk may mean holding off a little longer until the market settles is wise.If I had some spare cash, there are many other investments that could do worse, so I'd be happy to increase my stake here.
themanxman
18 Jun 2015
Re: Positive vibes but share price drops... Surpising drop. Could be time to buy? Any views on the recent drop?
Ripley94
05 Jun 2015
DI. No TS 27 Jan 15
mraverage88
28 May 2015
Re: Positive vibes but share price drops... Very true Otter. In my previous comment I forget to mention the oil price rise. The storm clouds are gathering for IAG, and also let's not yet dismiss the almost inevitable future problems with the 787, possibly tragic but very hopefully not..
Otter2
27 May 2015
Re: Positive vibes but share price drops... Instead of hanging hats on the Aer Lingus caper; better to plot oil price against that of IAG in recent month or two. Thirty per cent movement in former has to be digested in future figures however optimistic things look day to day. That's what dictates price movements.
Dr Trustme
27 May 2015
Re: Positive vibes but share price drops... That was yesterday's news MM, but sp surprisingly static.This has got to be a good buy now at this rate.
Medway Man
27 May 2015
Re: Positive vibes but share price drops... Irish Government have now given their approval to the deal.......IAG SP on the ris
