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

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 294.55 ($3.96) and traded as high as GBX 338.90 ($4.56). International Consolidated Airlines Group shares last traded at GBX 333 ($4.48), with a volume of 17,826,895 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IAG shares. Peel Hunt reissued a "buy" rating and set a GBX 420 ($5.65) price target on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. Jefferies Financial Group raised their target price on International Consolidated Airlines Group from GBX 350 ($4.71) to GBX 400 ($5.38) and gave the company a "buy" rating in a report on Monday, March 3rd. Barclays downgraded International Consolidated Airlines Group to an "underweight" rating and reduced their target price for the company from GBX 420 ($5.65) to GBX 250 ($3.36) in a report on Wednesday, March 12th. Citigroup reaffirmed a "buy" rating and issued a GBX 390 ($5.25) target price on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 348.33 ($4.69).

International Consolidated Airlines Group Stock Performance

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 company has a market cap of £19.27 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.21 and a beta of 2.31. The company has a fifty day moving average of GBX 279.10 and a two-hundred day moving average of GBX 295.26.

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.