IAG Share Price Pulls Back From 52-Week High as Oil Drops
International Consolidated Airlines Group dropped 0.6% to 463.1 pence in late London trade Tuesday. The British Airways parent gave back some ground after jumping 2.4% on Monday, when the shares hit a new 52-week high. IAG shares climbed earlier after Deutsche Bank analyst Jaime Rowbotham raised his price target to 540 pence from 460 pence and kept a “buy” rating. Rowbotham said IAG’s old fuel forecasts were made “at the height of the Middle East conflict” and now sees a 2026 fuel bill of €8.56 billion, less than the management estimate of about €9 billion. Deutsche also upped its targets for Air France-KLM and Lufthansa, but stayed at “hold” on both stocks.