International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 414.90 and traded as high as GBX 432.90. International Consolidated Airlines Group shares last traded at GBX 430.01, with a volume of 4,780,488 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 645 price target on shares of International Consolidated Airlines Group in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the company an “outperform” rating in a research note on Friday, August 21st. Finally, Citigroup cut their target price on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 510.

International Consolidated Airlines Group Trading Up 0.5%

The firm has a 50-day simple moving average of GBX 443.72 and a 200-day simple moving average of GBX 414.90. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 160.78. The stock has a market cap of £18.81 billion, a PE ratio of 6.70, a P/E/G ratio of 0.21 and a beta of 1.32.

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.