International Consolidated Airlines Group (LON:IAG) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

International Consolidated Airlines Group S.A. (LON:IAG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 415.35 and traded as high as GBX 441.60. International Consolidated Airlines Group shares last traded at GBX 438.20, with a volume of 11,920,049 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on IAG. Citigroup decreased their price target 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, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 645 price objective on shares of International Consolidated Airlines Group in a research note on Monday, August 3rd. Royal Bank Of Canada raised their price target on International Consolidated Airlines Group from GBX 465 to GBX 500 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 355 price objective on shares of International Consolidated Airlines Group in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 510.

International Consolidated Airlines Group Stock Up 0.3%

The firm has a 50 day simple moving average of GBX 449.28 and a two-hundred day simple moving average of GBX 415.35. The stock has a market capitalization of £19.30 billion, a P/E ratio of 6.83, a PEG ratio of 0.21 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.77 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.