International Consolidated Airlines Group (LON:IAG) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 285.11 ($3.79) and traded as high as GBX 322.70 ($4.29). International Consolidated Airlines Group shares last traded at GBX 322.70 ($4.29), with a volume of 19,998,775 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on IAG. Citigroup reiterated a "buy" rating and issued a GBX 390 ($5.19) target price on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.59) price target on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Jefferies Financial Group raised their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.66) to GBX 400 ($5.32) and gave the company a "buy" rating in a research report on Monday, March 3rd. Barclays cut shares of International Consolidated Airlines Group to an "underweight" rating and decreased their price target for the company from GBX 420 ($5.59) to GBX 250 ($3.33) in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 348.33 ($4.64).

International Consolidated Airlines Group Trading Down 0.9%

The firm has a market capitalization of £18.90 billion, a PE ratio of 6.76, a PEG ratio of 0.21 and a beta of 2.31. The company's 50-day moving average price is GBX 270.53 and its 200-day moving average price is GBX 285.86. The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70.

International Consolidated Airlines Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be given a dividend of €0.06 ($0.07) per share. This is a boost from International Consolidated Airlines Group's previous dividend of $0.03. This represents a dividend yield of 1.72%. The ex-dividend date is Thursday, June 26th. International Consolidated Airlines Group's payout ratio is 10.56%.

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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