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

International Consolidated Airlines Group S.A. (LON:IAG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 340.97 ($4.58) and traded as high as GBX 411.90 ($5.54). International Consolidated Airlines Group shares last traded at GBX 406.30 ($5.46), with a volume of 9,224,873 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 460 target price on shares of International Consolidated Airlines Group in a report on Monday, August 4th. Royal Bank Of Canada lifted their target price on 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 reissued a “buy” rating and issued a GBX 420 target price on shares of International Consolidated Airlines Group in a research note on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 403.33.

International Consolidated Airlines Group Stock Down 0.3%

The firm has a market capitalization of £18.72 billion, a P/E ratio of 628.95, a PEG ratio of 0.21 and a beta of 2.31. The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The firm’s 50-day moving average is GBX 389.18 and its 200 day moving average is GBX 340.97.

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.