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

International Consolidated Airlines Group S.A. (LON:IAG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 397.06 and traded as high as GBX 433.20. International Consolidated Airlines Group shares last traded at GBX 433.20, with a volume of 27,586,225 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on IAG shares. Citigroup upped their price objective on shares of International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the company a “buy” rating in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft raised their price objective on International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the stock a “buy” rating in a report on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 500 target price on shares of International Consolidated Airlines Group in a research note on Monday, November 10th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 450 target price on shares of International Consolidated Airlines Group in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, International Consolidated Airlines Group has an average rating of “Moderate Buy” and an average price target of GBX 455.

International Consolidated Airlines Group Trading Up 3.6%

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 business has a 50 day moving average price of GBX 410.77 and a 200-day moving average price of GBX 397.06. The firm has a market cap of £19.77 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth 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.