International Consolidated Airlines Group (LON:IAG) Stock Crosses Above 200-Day Moving Average – Should You Sell?

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 416.88 and traded as high as GBX 420.60. International Consolidated Airlines Group shares last traded at GBX 417.90, with a volume of 11,315,408 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on IAG. Royal Bank Of Canada lifted their target price on shares of International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the stock an “outperform” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 645 price objective on shares of International Consolidated Airlines Group in a report on Monday, August 3rd. Finally, Citigroup reduced their price objective on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 510.

International Consolidated Airlines Group Stock Up 3.1%

The company has a debt-to-equity ratio of 160.78, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market capitalization of £18.78 billion, a PE ratio of 6.70, a PEG ratio of 0.21 and a beta of 1.32. The company’s 50 day simple moving average is GBX 423.16 and its 200-day simple moving average is GBX 417.05.

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.