International Consolidated Airlines Group (LON:IAG) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

International Consolidated Airlines Group S.A. (LON:IAG) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 414.90 and traded as high as GBX 444.42. International Consolidated Airlines Group shares last traded at GBX 434, with a volume of 396,053,438 shares.

Wall Street Analyst Weigh In

IAG has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on shares of International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the company an “outperform” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 645 target price on shares of International Consolidated Airlines Group in a research note on Monday, August 3rd. Finally, Citigroup lowered their price target on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 510.

International Consolidated Airlines Group Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 160.78. The company has a 50 day moving average of GBX 432.37 and a 200 day moving average of GBX 415.32. The firm has a market cap of £19.10 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.21 and a beta of 1.32.

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.