International Consolidated Airlines Group (LON:IAG) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• International Consolidated Airlines Group's shares have crossed above the 200-day moving average, with the stock trading at GBX 390.70 ($5.28) and reaching a high of GBX 393.50 ($5.31).
• Analysts have a strong outlook on the stock, with multiple firms issuing buy ratings and setting price targets between GBX 420 to GBX 500, while the average target price stands at GBX 403.33.
• The company has a significant debt-to-equity ratio of 338.12 and a market capitalization of £18.15 billion, indicating a complex financial structure in relation to its equity.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 324.70 ($4.41) and traded as high as GBX 393.50 ($5.34). International Consolidated Airlines Group shares last traded at GBX 390.70 ($5.31), with a volume of 1,190,053,250 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada increased their target price on International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Peel Hunt reissued a "buy" rating and issued a GBX 420 price objective on shares of International Consolidated Airlines Group in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 460 price objective on shares of International Consolidated Airlines Group in a research report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 403.33.

International Consolidated Airlines Group Price Performance

The company has a market cap of £17.73 billion, a PE ratio of 593.20, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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 50 day moving average of GBX 379.94 and a 200-day moving average of GBX 326.41.

International Consolidated Airlines Group Company Profile

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.