International Consolidated Airlines Group (LON:IAG) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 413.88 and traded as high as GBX 443.20. International Consolidated Airlines Group shares last traded at GBX 442.30, with a volume of 3,952,961 shares traded.

Analyst Ratings Changes

Several equities analysts have recently commented on IAG shares. Citigroup decreased their price target on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Royal Bank Of Canada reduced their price objective on shares of International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating on the stock in a report on Monday, May 11th. UBS Group reiterated a “sell” rating and set a GBX 355 price target on shares of International Consolidated Airlines Group in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 645 target price on shares of International Consolidated Airlines Group in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 503.

International Consolidated Airlines Group Price Performance

The company has a market cap of £19.46 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.21 and a beta of 1.32. The stock has a fifty day simple moving average of GBX 447.88 and a two-hundred day simple moving average of GBX 413.98. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 160.78.

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.