International Consolidated Airlines Group (LON:IAG) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 324.70 ($4.39) and traded as high as GBX 393.50 ($5.31). International Consolidated Airlines Group shares last traded at GBX 390.70 ($5.28), with a volume of 1,190,053,250 shares trading hands.

Wall Street Analyst Weigh In

IAG has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their price target on International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an “outperform” rating in a report on Thursday, August 7th. Peel Hunt reiterated a “buy” rating and set a GBX 420 price target on shares of International Consolidated Airlines Group in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 460 price target on shares of International Consolidated Airlines Group in a report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, International Consolidated Airlines Group currently has an average rating of “Moderate Buy” and an average target price of GBX 403.33.

International Consolidated Airlines Group Stock Up 0.2%

The business has a 50 day simple moving average of GBX 375.94 and a 200 day simple moving average of GBX 324.70. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market cap of £18.15 billion, a PE ratio of 604.80, a P/E/G ratio of 0.21 and a beta of 2.31.

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.