International Consolidated Airlines Group (LON:IAG) Shares Pass Above 200-Day Moving Average – Here’s What Happened

International Consolidated Airlines Group S.A. (LON:IAG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 400.51 and traded as high as GBX 412.20. International Consolidated Airlines Group shares last traded at GBX 407.40, with a volume of 7,390,819 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IAG shares. Royal Bank Of Canada decreased their price objective on International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating on the stock in a report on Monday, May 11th. Citigroup decreased their price objective on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Monday, April 20th. UBS Group reaffirmed a “sell” rating and set a GBX 355 price objective on shares of International Consolidated Airlines Group in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 460 price objective on shares of International Consolidated Airlines Group in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Consolidated Airlines Group has an average rating of “Moderate Buy” and an average target price of GBX 466.

International Consolidated Airlines Group Trading Up 0.2%

The stock has a market cap of £18.14 billion, a P/E ratio of 5.65, a P/E/G ratio of 0.21 and a beta of 1.36. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 261.79. The company has a 50-day moving average price of GBX 393.41 and a two-hundred day moving average price of GBX 400.51.

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.