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

Key Points

• International Consolidated Airlines Group S.A. (LON:IAG) shares surpassed their 200-day moving average of GBX 327.15, trading at GBX 384 ($5.22) with significant volume.
• Analysts have issued optimistic forecasts, with a consensus target price of GBX 403.33 and 6 out of 7 analysts rating the stock as a "Buy."
• The company has a market capitalization of £17.93 billion but a high debt-to-equity ratio of 338.12, which may raise concerns among investors.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 327.15 ($4.41) and traded as high as GBX 388.90 ($5.24). International Consolidated Airlines Group shares last traded at GBX 384 ($5.17), with a volume of 6,820,647 shares traded.

Analysts Set New Price Targets

IAG has been the subject of several research analyst reports. Peel Hunt reiterated a "buy" rating and set a GBX 420 target price on shares of International Consolidated Airlines Group in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 460 price objective on shares of International Consolidated Airlines Group in a report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price objective on International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an "outperform" rating in a report on Thursday, August 7th. Six investment 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 a consensus target price of GBX 403.33.

International Consolidated Airlines Group Price Performance

The firm has a market capitalization of £17.74 billion, a P/E ratio of 593.65, a P/E/G ratio of 0.21 and a beta of 2.31. 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 stock's fifty day simple moving average is GBX 382.76 and its 200 day simple moving average is GBX 328.40.

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.