International Consolidated Airlines Group (LON:IAG) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 399.07 and traded as high as GBX 423.20. International Consolidated Airlines Group shares last traded at GBX 420.20, with a volume of 8,271,376 shares.

Analyst Ratings Changes

Several research firms have issued reports on IAG. UBS Group reiterated a “sell” rating and set a GBX 355 price objective on shares of International Consolidated Airlines Group in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 460 target price on shares of International Consolidated Airlines Group in a report on Monday, May 11th. Citigroup dropped their target price on shares of 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. Finally, Royal Bank Of Canada lowered their price target on shares of International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating for the company in a research report on Monday, May 11th. Four equities 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 an average rating of “Moderate Buy” and an average target price of GBX 466.

International Consolidated Airlines Group Stock Performance

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’s 50-day moving average price is GBX 386.56 and its two-hundred day moving average price is GBX 399.07. The company has a market cap of £18.82 billion, a P/E ratio of 6.05, a price-to-earnings-growth ratio of 0.21 and a beta of 1.33.

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.