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

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 305.65 ($4.17) and traded as high as GBX 345.30 ($4.71). International Consolidated Airlines Group shares last traded at GBX 339.30 ($4.63), with a volume of 20,136,576 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IAG shares. Citigroup reiterated a "buy" rating and issued a GBX 390 ($5.32) price target on shares of International Consolidated Airlines Group in a report on Monday, March 31st. Barclays lowered International Consolidated Airlines Group to an "underweight" rating and lowered their target price for the stock from GBX 420 ($5.73) to GBX 250 ($3.41) in a research report on Wednesday, March 12th. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 420 ($5.73) price target on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, International Consolidated Airlines Group presently has an average rating of "Moderate Buy" and an average target price of GBX 372 ($5.08).

International Consolidated Airlines Group Trading Up 0.4%

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The firm has a 50 day moving average price of GBX 313.31 and a 200 day moving average price of GBX 305.92. The stock has a market capitalization of £20.43 billion, a PE ratio of 7.30, a P/E/G 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.