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

International Consolidated Airlines Group S.A. (LON:IAG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IAG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 460 target price on shares of International Consolidated Airlines Group in a research note on Monday, May 11th. UBS Group reaffirmed a “sell” rating and issued a GBX 355 price target on shares of International Consolidated Airlines Group in a research note on Tuesday, May 5th. Citigroup cut their price objective on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Royal Bank Of Canada reduced 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 466.

International Consolidated Airlines Group Trading Down 1.8%

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 £20.87 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36. The company has a 50 day moving average price of GBX 416.03 and a 200 day moving average price of GBX 407.65.

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.