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

International Consolidated Airlines Group S.A. (LON:IAG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 400.51 and traded as high as GBX 412.20. International Consolidated Airlines Group shares last traded at GBX 407.40, with a volume of 7,390,819 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup decreased their price objective on International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 460 price objective on shares of International Consolidated Airlines Group in a research report on Monday, May 11th. UBS Group reiterated a “sell” rating and issued a GBX 355 price objective on shares of International Consolidated Airlines Group in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada lowered their price objective on 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 investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, International Consolidated Airlines Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 466.

International Consolidated Airlines Group Stock Up 6.6%

The business has a 50-day moving average price of GBX 394.74 and a two-hundred day moving average price of GBX 400.74. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 261.79. The firm has a market cap of £19.33 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36.

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.