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

Key Points

• International Consolidated Airlines Group (IAG) shares have crossed above the 200-day moving average, with current trading at GBX 406.30 ($5.46).
• Multiple analysts have a favorable outlook, with six maintaining a "Buy" rating and price targets ranging up to GBX 500 from Royal Bank of Canada.
• The company's market cap is approximately £18.72 billion, with a high debt-to-equity ratio of 338.12 indicating potential financial risk.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

IAG has been the topic of several research reports. Peel Hunt reaffirmed a "buy" rating and set a GBX 420 price objective on shares of International Consolidated Airlines Group in a report on Friday, August 1st. Royal Bank Of Canada upped their price target on International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, 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, August 4th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 403.33.

International Consolidated Airlines Group Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. The company has a market cap of £18.72 billion, a price-to-earnings ratio of 628.95, a P/E/G ratio of 0.21 and a beta of 2.31. The stock has a 50 day moving average price of GBX 389.18 and a two-hundred day moving average price of 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.