The International Air Transport Association (IATA) today publishes a report explaining that Airlines expect air traffic to exceed pre-pandemic levels in 2023. In this sense, the number of passengers in air transport this year will be equivalent to 52% to that of the last year before the pandemic (2019), in 2022 it will reach 88%, and only in 2023 it will be slightly higher (105%).
IAG (Iberia) has appreciated more than 30% on the Ibex 35 so far this year and Bank of America restarts coverage in the securities of the European airline sector and, in the case of the Spanish British holding company, they recommend buying the security. Analysts at the US bank place its target price at 3.1 euros per share, which gives it a potential of more than 30%.
The IAG shares are sold today at 2.3 euros and from Reuters they see a potential for the Spanish listed company of almost 5%, with a target price of 2.48 euros per share. Of the 13 firms that follow the value, eight recommend buying; four, keep and one, sell.
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Regarding its listing on the London Stock Exchange, the Reuters consensus of analysts sees a potential of 13% with a price target of 232.1 pounds for each share. Of the 17 analysis houses, 11 advise buying and six, keeping.
For its part, Banco Sabadell, Inditex, Ferrovial and Neinor Homes have also seen their target price increase by large analysis houses. In the case of Banco Sabadell, Citigroup sees a potential of 6.5% and raises its target price from 0.5 euros per share.
On the other hand, one of the main supports of the Ibex 35, Inditex, does not achieve a positive potential despite the rise in the target price from Barclays, from 28 euros per share to 30 (potential -6.04%).
Ferrovial and Neinor Homes, however, increased their potential on the stock market, to 11.7% and 3.17%, respectively. JP Morgan has revised Ferrovial’s target price up to 27 euros from the previous 24, while Citi places the target price for Neinor Homes at 11.06 euros per share.
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