International Consolidated Airlines Group (LON:IAG) Stock Passes Above Two Hundred Day Moving Average of $170.80

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 170.80 ($2.26) and traded as high as GBX 201.66 ($2.66). International Consolidated Airlines Group shares last traded at GBX 199.60 ($2.64), with a volume of 21,614,085 shares.

Analysts Set New Price Targets

Several research firms have recently commented on IAG. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 230 ($3.04) target price on shares of International Consolidated Airlines Group in a research note on Tuesday, June 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of International Consolidated Airlines Group in a report on Thursday, June 13th.

International Consolidated Airlines Group Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70. The company has a 50 day simple moving average of GBX 174.97 and a 200-day simple moving average of GBX 170.80. The stock has a market cap of £9.93 billion, a price-to-earnings ratio of 475.24, a PEG ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 9th. Investors of record on Thursday, September 5th were paid a dividend of €0.03 ($0.03) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend was Thursday, September 5th. International Consolidated Airlines Group’s dividend payout ratio (DPR) is presently 1,190.48%.

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.