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

Key Points

• International Consolidated Airlines Group's stock crossed above its 200-day moving average on Friday, trading at GBX 394.60 ($5.33) after reaching a high of GBX 396.60 ($5.36).
• Royal Bank of Canada raised its price target for IAG from GBX 440 to GBX 500, while other analysts also issued buy ratings with price targets ranging between GBX 420 and GBX 460.
• The company has a market cap of £23.32 billion and is exhibiting strong financial performance indicators, including a PE ratio of 8.33 and a low PEG ratio of 0.21.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 322.04 ($4.34) and traded as high as GBX 396.60 ($5.35). International Consolidated Airlines Group shares last traded at GBX 394.60 ($5.32), with a volume of 15,518,411 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on IAG shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 460 price target on shares of International Consolidated Airlines Group in a report on Monday, August 4th. Peel Hunt restated a "buy" rating and issued a GBX 420 price target on shares of International Consolidated Airlines Group in a report on Friday, August 1st. Finally, Royal Bank Of Canada upped their target price on 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 equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 403.33.

International Consolidated Airlines Group Trading Down 2.0%

The company has a market cap of £22.73 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The business has a 50 day simple moving average of GBX 365.55 and a two-hundred day simple moving average of GBX 322.06. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12.

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.