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

International Consolidated Airlines Group S.A. (LON:IAG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 401.84 and traded as high as GBX 446.40. International Consolidated Airlines Group shares last traded at GBX 442.20, with a volume of 13,909,170 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the company a “buy” rating in a report on Monday, November 17th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 500 target price on shares of International Consolidated Airlines Group in a report on Monday, November 10th. Citigroup increased their price target on International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 450 price objective on shares of International Consolidated Airlines Group in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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 firm has a market capitalization of £20.01 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.21 and a beta of 2.31. The business’s fifty day simple moving average is GBX 420.97 and its 200 day simple moving average is GBX 401.84.

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.