Home Sports How does IAG’s stock price compare to analyst ratings?

How does IAG’s stock price compare to analyst ratings?


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Promotions Insurance Australia Group Ltd. (ASX: IAG) rose more than 10% this year and ended trading at $ 4.68 apiece on Tuesday.

The IAG stock price chart for the last 6 months resembles a mountain range with high peaks and low valleys, more than one of the stock prices.

Investors pushed the IAG’s share price as if it were a pinball between two wooden boards during that time, with prices ranging from $ 4.24 to $ 4.92 apiece.

Meanwhile, Financial index S & P / ASX 200 (ASX: XFJ) has maintained an increase of 1.24% to date, despite recent consolidation.

What is the value of IAG shares?

According to Bloomberg, IAG stock ratings represent a number of analysts.

Of this list, 58% of analysts are urging their clients to buy IAG shares right now, and 25% – to hold.

The remaining 16% – just two analysts – are urging their clients to sell or close their positions while holding IAG shares.

Currently, the share price of IAG is $ 4.68, it seems that the consensus still has many benefits that have not yet been developed, assigning an average price for 12 months of $ 5.14 per share, says Bloomberg.

A little more about the ratings of IAG analysts

This target price has actually fallen over the last two years, despite the fact that the number of calls to buy has increased over the same period.

In May 2020, it fell from about $ 6.40 per share, which is the consensus price of IAG shares. However, during this time it has consistently remained above market prices.

In terms of those above consensus estimates, each of Credit Suisse, JP Morgan, Jarden, Barrenjoey Markets and Citi suggest that the IAG could rise above the $ 5.14 mark.

Meanwhile, Macquarie, Barclay Pearce and Morgan Stanley rate the IAG below consensus, with Morgan Stanley analysts setting a share of stock sales.

Net-net, if you follow the consensus data, it may seem that the IAG is undervalued trading about 10% below the average target price of analysts covering stocks.

However, with any number of fair value determinants not discussed in this report, it is ultimately to decide the market.

Over the past 12 months, IAG’s share price has fallen 3%, despite high returns this year.


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