International Consolidated Airlines Group (LON:IAG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

International Consolidated Airlines Group S.A. (LON:IAG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 270.19 ($3.48) and traded as high as GBX 344 ($4.43). International Consolidated Airlines Group shares last traded at GBX 296.30 ($3.81), with a volume of 2,147,000,000 shares changing hands.

Wall Street Analyst Weigh In

IAG has been the subject of several research analyst reports. Barclays downgraded shares of International Consolidated Airlines Group to an “underweight” rating and dropped their target price for the stock from GBX 420 ($5.41) to GBX 250 ($3.22) in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group to a “buy” rating and boosted their price objective for the company from GBX 215 ($2.77) to GBX 400 ($5.15) in a report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Finally, Jefferies Financial Group boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.51) to GBX 400 ($5.15) and gave the company a “buy” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 320 ($4.12).

International Consolidated Airlines Group Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The stock has a 50 day simple moving average of GBX 323.30 and a 200 day simple moving average of GBX 270.19. The company has a market capitalization of £17.51 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be paid a dividend of €0.06 ($0.06) per share. This is an increase from International Consolidated Airlines Group’s previous dividend of $0.03. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. International Consolidated Airlines Group’s dividend payout ratio is presently 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.