International Consolidated Airlines Group (LON:IAG) Shares Pass Above 200-Day Moving Average - Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 307.78 ($4.18) and traded as high as GBX 363.30 ($4.94). International Consolidated Airlines Group shares last traded at GBX 361.90 ($4.92), with a volume of 17,792,381 shares changing hands.

Analysts Set New Price Targets

IAG has been the topic of several analyst reports. Citigroup reiterated a "buy" rating and issued a GBX 390 ($5.30) target price on shares of International Consolidated Airlines Group in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of International Consolidated Airlines Group from GBX 385 ($5.23) to GBX 460 ($6.25) and gave the company a "buy" rating in a research report on Friday, July 4th. Peel Hunt restated a "buy" rating and issued a GBX 420 ($5.71) price objective on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Finally, Barclays cut International Consolidated Airlines Group to an "underweight" rating and dropped their target price for the company from GBX 420 ($5.71) to GBX 250 ($3.40) in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 384 ($5.22).

International Consolidated Airlines Group Stock Performance

The stock has a market cap of £21.86 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.21 and a beta of 2.31. The firm has a fifty day moving average of GBX 322.35 and a 200 day moving average of GBX 307.78. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63.

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.