International Consolidated Airlines Group (LON:IAG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

International Consolidated Airlines Group S.A. (LON:IAG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 414.82 and traded as high as GBX 435.60. International Consolidated Airlines Group shares last traded at GBX 431.80, with a volume of 7,890,280 shares.

Wall Street Analysts Forecast Growth

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

International Consolidated Airlines Group Price Performance

The stock has a fifty day moving average of GBX 450.67 and a two-hundred day moving average of GBX 414.94. The stock has a market cap of £18.44 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.77 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.