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) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 373.68 and traded as high as GBX 394.13. International Consolidated Airlines Group shares last traded at GBX 390.96, with a volume of 30,760,689 shares trading hands.

Wall Street Analyst Weigh In

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

International Consolidated Airlines Group Stock Down 0.6%

The firm has a market cap of £17.94 billion, a P/E ratio of 6.05, a PEG ratio of 0.21 and a beta of 2.31. The firm’s 50-day moving average price is GBX 396.40 and its 200 day moving average price is GBX 373.68. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63.

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.