International Consolidated Airlines Group (LON:IAG) Shares Pass Above Two Hundred Day Moving Average of $153.67

Shares of International Consolidated Airlines Group S.A. (LON:IAG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 153.67 ($1.91) and traded as high as GBX 159.45 ($1.98). International Consolidated Airlines Group shares last traded at GBX 157.80 ($1.96), with a volume of 13,114,681 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on IAG shares. Bank of America restated a “buy” rating and set a GBX 230 ($2.86) price target on shares of International Consolidated Airlines Group in a report on Friday, March 1st. Royal Bank of Canada boosted their target price on International Consolidated Airlines Group from GBX 200 ($2.49) to GBX 220 ($2.74) and gave the company an “outperform” rating in a research note on Thursday, March 21st.

International Consolidated Airlines Group Price Performance

The company has a debt-to-equity ratio of 490.60, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of £7.76 billion, a price-to-earnings ratio of 366.98, a PEG ratio of 0.21 and a beta of 2.33. The stock’s 50 day simple moving average is GBX 157.79 and its 200-day simple moving average is GBX 153.67.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.