International Consolidated Airlines Group (LON:IAG) Shares Cross Above 200-Day Moving Average of $168.89

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 168.89 ($2.22) and traded as high as GBX 186.40 ($2.45). International Consolidated Airlines Group shares last traded at GBX 186.15 ($2.45), with a volume of 45,349,015 shares.

Analysts Set New Price Targets

IAG has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 230 ($3.02) price objective on shares of International Consolidated Airlines Group in a research report on Tuesday, June 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a report on Thursday, June 13th.

International Consolidated Airlines Group Stock Up 0.3 %

The company has a fifty day moving average price of GBX 171.96 and a 200-day moving average price of GBX 169.03. The company has a debt-to-equity ratio of 337.70, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market capitalization of £9.27 billion, a PE ratio of 450.36, a PEG ratio of 0.21 and a beta of 2.31.

International Consolidated Airlines Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 9th. Shareholders of record on Thursday, September 5th will be given a dividend of €0.03 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.58%. International Consolidated Airlines Group’s dividend payout ratio (DPR) is currently 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.