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

Key Points

• International Consolidated Airlines Group (LON:IAG) shares surged above their 200-day moving average, reaching a trading high of GBX 388.80 ($5.26), with the last price recorded at GBX 384 ($5.20).
• Several analysts have rated IAG, with Peel Hunt and Deutsche Bank maintaining "buy" ratings and setting price targets of GBX 420 ($5.68) and GBX 460 ($6.22) respectively, while Royal Bank of Canada raised their target to GBX 500 ($6.76).
• The company's market capitalization stands at £22.70 billion, accompanied by a low P/E ratio of 8.11, indicating potential attractiveness for investors.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 319.63 ($4.32) and traded as high as GBX 388.80 ($5.26). International Consolidated Airlines Group shares last traded at GBX 384 ($5.20), with a volume of 8,991,115 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IAG shares. Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.68) price target on shares of International Consolidated Airlines Group in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 460 ($6.22) price target on shares of International Consolidated Airlines Group in a report on Monday, August 4th. Finally, Royal Bank Of Canada upped their target price on shares of International Consolidated Airlines Group from GBX 440 ($5.95) to GBX 500 ($6.76) and gave the stock an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 403.33 ($5.46).

International Consolidated Airlines Group Trading Up 0.1%

The firm has a market cap of £22.70 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. 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 company's fifty day moving average price is GBX 355.26 and its two-hundred day moving average price is GBX 319.63.

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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