International Consolidated Airlines Group (LON:IAG) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• International Consolidated Airlines Group (LON:IAG) shares surged above their 200-day moving average, reaching a trading high of GBX 388.80 ($5.26), with the last price recorded at GBX 384 ($5.20).
• Several analysts have rated IAG, with Peel Hunt and Deutsche Bank maintaining "buy" ratings and setting price targets of GBX 420 ($5.68) and GBX 460 ($6.22) respectively, while Royal Bank of Canada raised their target to GBX 500 ($6.76).
• The company's market capitalization stands at £22.70 billion, accompanied by a low P/E ratio of 8.11, indicating potential attractiveness for investors.

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 319.63 ($4.32) and traded as high as GBX 388.80 ($5.25). International Consolidated Airlines Group shares last traded at GBX 384 ($5.19), with a volume of 8,991,115 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IAG. 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. Royal Bank Of Canada boosted their price objective on shares of International Consolidated Airlines Group from GBX 440 to GBX 500 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Peel Hunt restated a "buy" rating and issued a GBX 420 price objective on shares of International Consolidated Airlines Group in a report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, International Consolidated Airlines Group has a consensus rating of "Moderate Buy" and an average price target of GBX 403.33.

International Consolidated Airlines Group Stock Up 1.0%

The stock's 50 day simple moving average is GBX 357.55 and its two-hundred day simple moving average is GBX 320.36. The firm has a market cap of £23.28 billion, a P/E ratio of 8.32, 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.

About International Consolidated Airlines Group

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.