The International Consolidated Airlines Group SA (LON:IAG – Get Free Report) share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX165.50 ($2.11) and has traded as high as GBX167.80 ($2.14). International Consolidated Airlines Group shares last traded at GBX166.55 ($2.13) with volume of 7,586,461 shares changing hands.
Analysts set new price targets
Several research firms have commented on IAG. Deutsche Bank Aktiengesellschaft increased their price target on shares of International Consolidated Airlines Group from GBX200 (USD2.55) to GBX215 (USD2.75) and gave the stock a “hold” rating in a research note on Tuesday, April 23. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Thursday, June 13. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a price target of GBX230 (USD2.94) on shares of International Consolidated Airlines Group in a research report on Tuesday, June 18.
Check out our latest stock report on International Consolidated Airlines Group
International Consolidated Airlines Group recorded an increase of 0.4%
The company’s 50-day moving average is GBX 168.43 and its 200-day moving average is GBX 165.50. The company has a market capitalization of ₹8.20 billion, a P/E ratio of 387.33, a PEG ratio of 0.21 and a beta of 2.30. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 337.70.
International Consolidated Airlines Group cuts dividend
The company also recently announced a dividend, which will be paid on Monday, September 9th. Investors of record on Thursday, September 5th will receive a dividend of €0.03 ($0.03) per share. The ex-dividend date is Thursday, September 5th, representing a yield of 1.58%. International Consolidated Airlines Group’s Dividend Payout Ratio (DPR) is 1,162.79%.
About International Consolidated Airlines Group
(Get free report)
International Consolidated Airlines Group SA, together with its subsidiaries, provides passenger and cargo transportation services in the United Kingdom, Spain, the United States and the rest of the world. In addition, the company provides aircraft leasing, aircraft maintenance, tour operating, air cargo operations, call centers, ground handling, trust, retail, IT, finance, procurement, storage and custody, technical aircraft support, human resources support and airport infrastructure development services, and manages airline loyalty programs.
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