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Neighbour: IAG shares set to soar
As UK stock markets continue to rebound on the back of the Bank of England’s decision to keep interest rates at an all-time low, Joe Neighbour from Central Markets is focused on British airline carrier International Airlines Group, which has benefited from the recent rally in UK stocks. Shares of IAG had been in a period of consolidation over the past two weeks, but experienced a bounce on Thursday along with the broader stock market. Joe believes that this bounce signals a possible return to new highs and notes that momentum indicators support a move higher. He is looking to buy shares of IAG at GBP 6.00 with a target of GBP 6.50. He recommends placing a stop at GBP 5.75.
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01:05 minutes
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