- summary:
- The price of the Iag shares is already rising with double numbers this year, and it is likely to remain on the upward track.
Ig’s shares price returned to the upward trend on Tuesday, gained 1.1 % and trading in GBX 340 at the time of writing this report. The share had a strong operation last month, as it recorded 8.1 % gains. This reflects the performance of crude oil prices, which decreased by 7.7 % in the same time frame.
The shares of the airline group increased by 13.3 % on an annual basis, and the positive morale surrounding the air travel industry is likely to keep them in the upward track. The start of talks between the United States and Russia can end from the war of Russia and Krin and enhance the flow of Iag revenues.
The war was under pressure from Ig’s revenues because it has disrupted many flights across Asia in Europe. Also, calming the tension in the war can reduce the geopolitical risk allowance to oil prices, adding to the price of the Iag share.
Meanwhile, Iag (LSE: Iag) will announce its quarterly profits on February 28, which paves the way for increasing volatility in the coming days. Also, many institutional analysts still retain a strong vision of the performance of Iag stock prices in 2025. However, Bernstein recently reduced the shares rating from “Outperform” to “Hold”, with a goal of a price of 3.50 pounds. However, this is still escalating by 2.8 % per share from the current price.
Ig share price predictions
The momentum is preferred on the price of the IAG arrow, the continuation of the bullish direction over the central brand in the GBX 339. The arrow is likely to fulfill the first resistance in GBX 344. However, a stronger momentum will be broken above this level and is likely to test the second obstacle in GBX in GBX 350.
On the contrary, the fracture of less than the GBX 339 will turn the momentum into the negative side. In this case, the first support at GBX 339 can come. In addition, this may lead to a stronger momentum for the second support test in GBX 330.
