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

Shares of International Consolidated Airlines Group S.A. (LON:IAG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 406.49 and traded as high as GBX 480.10. International Consolidated Airlines Group shares last traded at GBX 475.55, with a volume of 23,792,617 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on IAG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 460 target price on shares of International Consolidated Airlines Group in a report on Monday, May 11th. UBS Group reiterated a “sell” rating and issued a GBX 355 price objective on shares of International Consolidated Airlines Group in a research note on Tuesday, May 5th. Citigroup cut their price objective on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Royal Bank Of Canada decreased their target price 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 research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, International Consolidated Airlines Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 466.

International Consolidated Airlines Group Stock Down 1.1%

The company has a debt-to-equity ratio of 187.79, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market cap of £21.17 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.21 and a beta of 1.36. The business’s 50 day moving average price is GBX 413.32 and its 200 day moving average price is GBX 406.49.

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.