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International Consolidated Airlines Group (LON:IAG) Stock Passes Above 200 Day Moving Average - Here's Why

International Consolidated Airlines Group logo with Industrials background

Key Points

  • International Consolidated Airlines Group (IAG) shares recently crossed above their two hundred day moving average, indicating a potential shift in market sentiment as they traded as high as GBX 384 ($5.07).
  • Analyst ratings for IAG vary, with a consensus rating of "Moderate Buy" and a price target of GBX 384 ($5.07), reflecting differing outlooks from various research firms.
  • The company has a market cap of £22.13 billion and strong metrics with a P/E ratio of 7.91, showcasing solid financial fundamentals amidst the market fluctuations.
  • MarketBeat previews the top five stocks to own by September 1st.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 315.62 ($4.19) and traded as high as GBX 384 ($5.10). International Consolidated Airlines Group shares last traded at GBX 380.50 ($5.05), with a volume of 20,636,176 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IAG shares. Peel Hunt reaffirmed a "buy" rating and set a GBX 420 ($5.58) price objective on shares of International Consolidated Airlines Group in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of International Consolidated Airlines Group from GBX 385 ($5.11) to GBX 460 ($6.11) and gave the stock a "buy" rating in a research report on Friday, July 4th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 384 ($5.10).

Get Our Latest Stock Analysis on International Consolidated Airlines Group

International Consolidated Airlines Group Stock Down 1.9%

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 firm has a market cap of £22.06 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The stock has a fifty day simple moving average of GBX 346.57 and a two-hundred day simple moving average of GBX 316.15.

International Consolidated Airlines Group Company Profile

(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.

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