International Consolidated Airlines Group (LON:IAG) Stock Passes Above 200 Day Moving Average – What’s Next?

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 389.73 and traded as high as GBX 434.30. International Consolidated Airlines Group shares last traded at GBX 424.10, with a volume of 11,204,354 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the stock a “buy” rating in a research note on Monday, November 17th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 500 price target on shares of International Consolidated Airlines Group in a research note on Monday, November 10th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 450 price objective on shares of International Consolidated Airlines Group in a research note on Friday, November 7th. Finally, Citigroup raised their target price on shares of International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the company a “buy” rating in a research report on Monday, November 10th. Six 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 presently has a consensus rating of “Moderate Buy” and an average target price of GBX 455.

International Consolidated Airlines Group Stock Performance

The stock has a market capitalization of £19.36 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. The firm has a 50-day moving average of GBX 403.93 and a 200-day moving average of GBX 390.15.

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.