International Consolidated Airlines Group (LON:IAG) Stock Passes Above 200 Day Moving Average of $162.02

Shares of International Consolidated Airlines Group S.A. (LON:IAG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.02 ($2.05) and traded as high as GBX 173.80 ($2.20). International Consolidated Airlines Group shares last traded at GBX 173.35 ($2.19), with a volume of 22,123,291 shares.

Wall Street Analyst Weigh In

Several research firms have commented on IAG. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 230 ($2.91) target price on shares of International Consolidated Airlines Group in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of International Consolidated Airlines Group from GBX 200 ($2.53) to GBX 215 ($2.72) and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Thursday, June 13th.

International Consolidated Airlines Group Price Performance

The stock’s 50 day moving average price is GBX 172.95 and its two-hundred day moving average price is GBX 162.02. The company has a debt-to-equity ratio of 490.60, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of £8.54 billion, a price-to-earnings ratio of 385.22, a PEG ratio of 0.21 and a beta of 2.31.

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.