International Consolidated Airlines Group (LON:IAG) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 404.63 and traded as low as GBX 345. International Consolidated Airlines Group shares last traded at GBX 358.50, with a volume of 1,704,487,875 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IAG. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 500 price objective on shares of International Consolidated Airlines Group in a research report on Monday, November 10th. Citigroup increased their target price on shares of International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the company a “buy” rating in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 466.

International Consolidated Airlines Group Price Performance

The stock has a fifty day moving average of GBX 419.94 and a two-hundred day moving average of GBX 404.63. The stock has a market cap of £16.37 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 261.79.

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.