International Consolidated Airlines Group (LON:IAG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 381.52 and traded as high as GBX 421.70. International Consolidated Airlines Group shares last traded at GBX 418.70, with a volume of 7,530,526 shares.

Analyst Ratings Changes

IAG has been the subject of several recent research reports. Citigroup increased their target price on shares of International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the stock a “buy” rating in a report on Monday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 450 price objective on shares of International Consolidated Airlines Group in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 500 target price on shares of International Consolidated Airlines Group in a report on Monday, November 10th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 455.

International Consolidated Airlines Group Stock Performance

The company has a market cap of £19.00 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The stock has a 50 day moving average price of GBX 400.16 and a two-hundred day moving average price of GBX 382.11. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

International Consolidated Airlines Group Company Profile

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.