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

International Consolidated Airlines Group S.A. (LON:IAG)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 370.10 and traded as high as GBX 391.20. International Consolidated Airlines Group shares last traded at GBX 389.80, with a volume of 11,738,816 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on IAG shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the stock a “buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 500 price objective on shares of International Consolidated Airlines Group in a report on Monday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 450 target price on shares of International Consolidated Airlines Group in a research report on Friday, November 7th. Finally, Citigroup lifted their price target 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 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 455.

International Consolidated Airlines Group Trading Down 1.5%

The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of £17.62 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.21 and a beta of 2.31. The business’s 50-day simple moving average is GBX 395 and its 200-day simple moving average is GBX 370.10.

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.