International Consolidated Airlines Group (LON:IAG) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 303.60 ($4.17) and traded as high as GBX 312.70 ($4.29). International Consolidated Airlines Group shares last traded at GBX 308.70 ($4.24), with a volume of 23,895,719 shares traded.

Analyst Upgrades and Downgrades

IAG has been the subject of several recent research reports. Jefferies Financial Group upped their price target on shares of International Consolidated Airlines Group from GBX 350 ($4.80) to GBX 400 ($5.49) and gave the company a "buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Peel Hunt reiterated a "buy" rating and set a GBX 420 ($5.76) price objective on shares of International Consolidated Airlines Group in a report on Tuesday, April 29th. Barclays lowered International Consolidated Airlines Group to an "underweight" rating and lowered their target price for the stock from GBX 420 ($5.76) to GBX 250 ($3.43) in a research report on Wednesday, March 12th. Finally, Citigroup restated a "buy" rating and issued a GBX 390 ($5.35) target price on shares of International Consolidated Airlines Group in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, International Consolidated Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 372 ($5.10).

International Consolidated Airlines Group Trading Up 2.0%

The company has a debt-to-equity ratio of 338.12, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a 50 day simple moving average of GBX 306.02 and a two-hundred day simple moving average of GBX 304.46. The firm has a market capitalization of £20.05 billion, a P/E ratio of 7.17, a PEG ratio of 0.21 and a beta of 2.31.

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.