International Consolidated Airlines Group (LON:IAG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of International Consolidated Airlines Group S.A. (LON:IAG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 414.90 and traded as high as GBX 432.90. International Consolidated Airlines Group shares last traded at GBX 430.01, with a volume of 4,780,488 shares trading hands.

Wall Street Analysts Forecast Growth

IAG has been the subject of several analyst reports. Citigroup decreased their price objective on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 645 price objective on shares of International Consolidated Airlines Group in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada increased their price target on shares of International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the company an “outperform” rating in a research note on Friday, August 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 510.

International Consolidated Airlines Group Stock Performance

The stock has a market capitalization of £18.34 billion, a P/E ratio of 6.53, a PEG ratio of 0.21 and a beta of 1.32. 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 company’s fifty day simple moving average is GBX 442.70 and its two-hundred day simple moving average is GBX 414.79.

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.