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

International Consolidated Airlines Group S.A. (LON:IAG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

International Consolidated Airlines Group Price Performance

The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market capitalization of £18.96 billion, a P/E ratio of 6.44, a PEG ratio of 0.21 and a beta of 2.31. The stock’s fifty day moving average is GBX 399.99 and its 200-day moving average is GBX 381.52.

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.