International Consolidated Airlines Group (LON:IAG) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• International Consolidated Airlines Group's shares have surpassed their 200-day moving average of GBX 336.40, reaching a peak at GBX 405 during trading.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with a target price averaging GBX 403.33, and six analysts recommend buying, while one suggests selling.
• The company's current market capitalization is £18.80 billion with a price-to-earnings ratio of 631.59, indicating significant investor interest but also a high valuation.

Shares of International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 336.40 ($4.51) and traded as high as GBX 405 ($5.43). International Consolidated Airlines Group shares last traded at GBX 396.28 ($5.31), with a volume of 32,658,355 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on IAG shares. Peel Hunt reiterated a "buy" rating and issued a GBX 420 target price on shares of International Consolidated Airlines Group in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 460 price objective on shares of International Consolidated Airlines Group in a research note on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, International Consolidated Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 403.33.

International Consolidated Airlines Group Stock Performance

The firm's 50-day moving average price is GBX 385.38 and its two-hundred day moving average price is GBX 336.40. The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market cap of £18.80 billion, a price-to-earnings ratio of 631.59, a PEG 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.

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