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

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 417.82 and traded as high as GBX 438.05. International Consolidated Airlines Group shares last traded at GBX 432.20, with a volume of 5,341,563 shares changing hands.

Analyst Ratings Changes

IAG has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the stock an “outperform” rating in a report on Friday, August 21st. Citigroup dropped their price target on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 510.

International Consolidated Airlines Group Stock Up 2.1%

The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 160.78. The stock has a market capitalization of £19.30 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 0.21 and a beta of 1.32. The stock has a 50 day moving average price of GBX 432.43 and a 200 day moving average price of GBX 417.98.

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.