International Consolidated Airlines Group (LON:IAG) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 413.90 and traded as high as GBX 415.40. International Consolidated Airlines Group shares last traded at GBX 409, with a volume of 5,172,418 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IAG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 645 price objective on shares of International Consolidated Airlines Group in a research report on Monday, August 3rd. Citigroup decreased 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. Finally, Royal Bank Of Canada raised their target price on shares of 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. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 510.

International Consolidated Airlines Group Stock Up 1.3%

The company has a 50-day moving average of GBX 435.66 and a 200-day moving average of GBX 413.67. The company has a market capitalization of £18.54 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.21 and a beta of 1.32. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 160.78.

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.