IAG suffers from evil evil.Air holding shares chain three sessions of strong declines and lose 13% since last Friday.The titles are below 1.9 euros after transferring 4.11% on Monday, 5.32% yesterday and 5%, for the moment, today.
If the analysis firm that withdrew the purchase council on the company, for the first time in four years, cutting it to Neutral, today has been Peel Hunt, which has worsened the recommendation to buy to retain, according to Bloomberg.In addition, it has made "significant" cuts in its estimates, considering that "it is unlikely that yields will increase quickly enough to mitigate fuel cost pressures".Thus, IAG's actions are penalized.
It also influences that yesterday the United Kingdom will confirm the appearance of a "descendant" of the Delta del Coronavirus variant, which could be more transmissible.In fact, other tourist values such as Meliá Hotels, Edreams or Amadeus quote with notable falls.
On IAG in particular, Peel Hunt Alex Paterson analyst states in his note that fuel pressures can continue to get worse, along with the increase in airport rates."Although it is expected that the restrictions on the US trips will be reduced from November 8 to support demand recovery, the gasoline market has been affected," he says.
US will allow the entry into the country of passengers from the United Kingdom and Europe that are totally vaccinated from November."This is a good omen for the recovery of transatlantic trips," says Bank of America analysts in a recent report in which they name IAG as one of their favorite values in Europe, and where they ensure that the imminent reactivation of theTravel "should be an impulse for reservations" and "should relieve concerns about obtaining more capital".
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They believe that IAG is well located to gain quota on the transatlantic routes given the capacity cuts of competitors and their planned acquisition of Air Europa."We foresee that IAG increases its capacity from 45% of the 2019 levels in the third quarter to 65% in the fourth" this year.Bank of America places the target price of IAG at 3.10 euros per share.
According to Diego Morín, an IG analyst, from the technical point of view, the price of IAG shares falls from the 2 euros "due to the rejection of the medium -term bassist guideline".However, he adds that "the IAG price structure marks the possibility of testing the support of 1.92 euros, although we will see if the market makes a pullback at 2 euros".
The Bloomberg consensus places the IAG target price at 12 months at 2.58 euros per title, with a bullish potential of more than 37%.65% of analysts choose to buy, while 31% advise to maintain and 3.4%, sell.
On the other hand, also within the tourism sector, Meliá Hotels suffers in the stock market and is with IAG the most punished value of Ibex.The shares lose 6% due to a reduction of the recommendation by neutral's alantra to sell.It also reduces the target price from 6.80 to 6.70 euros.The titles of the hotel chain today quote 6.37 euros after leaving more than 7% in three sessions.For their part, Edreams and Amadeus fall more than 2%.
This Tuesday the British government confirmed that "closely follows" the appearance of a "descendant" of the Delta del Coronavirus variant, which could be between 10% and 15% more transmissible than this, which is already twice as a contagiousthat the original Sars-Cov-2.Experts have called it "ay.4.2 "And they warn that their frequency has increased in the United Kingdom, where it could now be responsible for almost 10% of Covid cases.Today, British toilets have asked the government to restore some restrictions.
