International Consolidated Airlines Group (LON:IAG) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 312.89 ($4.20) and traded as high as GBX 377.80 ($5.08). International Consolidated Airlines Group shares last traded at GBX 377 ($5.07), with a volume of 34,040,234 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup reissued a "buy" rating and set a GBX 390 ($5.24) target price on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.64) price target on shares of International Consolidated Airlines Group in a report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on International Consolidated Airlines Group from GBX 385 ($5.17) to GBX 460 ($6.18) and gave the stock a "buy" rating in a research report on Friday, July 4th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 384 ($5.16).

International Consolidated Airlines Group Price Performance

The firm has a market capitalization of £21.82 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The company's fifty day moving average is GBX 342.22 and its two-hundred day moving average is GBX 313.98.

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.