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International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

International Consolidated Airlines Group logo with Industrials background

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 307.78 ($4.15) and traded as high as GBX 363.30 ($4.90). International Consolidated Airlines Group shares last traded at GBX 361.90 ($4.88), with a volume of 17,792,381 shares.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and set a GBX 390 ($5.26) price target on shares of International Consolidated Airlines Group in a research report on Monday, March 31st. Peel Hunt reiterated a "buy" rating and set a GBX 420 ($5.66) price target on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on International Consolidated Airlines Group from GBX 385 ($5.19) to GBX 460 ($6.20) and gave the stock a "buy" rating in a research report on Friday, July 4th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 384 ($5.18).

Read Our Latest Analysis on International Consolidated Airlines Group

International Consolidated Airlines Group Trading Down 0.2%

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. The stock has a market capitalization of £21.82 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.21 and a beta of 2.31. The firm has a 50-day moving average of GBX 326.62 and a 200 day moving average of GBX 308.72.

About International Consolidated Airlines Group

(Get Free Report)

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.

Further Reading

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