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

International Consolidated Airlines Group S.A. (LON:IAG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 322.04 ($4.35) and traded as high as GBX 396.60 ($5.36). International Consolidated Airlines Group shares last traded at GBX 394.60 ($5.33), with a volume of 15,518,411 shares.

Analysts Set New Price Targets

IAG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 460 price target on shares of International Consolidated Airlines Group in a report on Monday, August 4th. Royal Bank Of Canada raised their price target on shares of International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 420 price target on shares of International Consolidated Airlines Group in a report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Consolidated Airlines Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 403.33.

International Consolidated Airlines Group Price Performance

The stock has a market cap of £23.32 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The stock’s 50 day moving average price is GBX 362.37 and its two-hundred day moving average price is GBX 322.04. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12.

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.