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

International Consolidated Airlines Group S.A. (LON:IAG) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 412.10 and traded as high as GBX 437.40. International Consolidated Airlines Group shares last traded at GBX 422.40, with a volume of 13,523,611 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IAG shares. Citigroup cut their target price on shares of International Consolidated Airlines Group from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 460 price target on shares of International Consolidated Airlines Group in a research report on Monday, May 11th. UBS Group reissued a “sell” rating and issued a GBX 355 price target on shares of International Consolidated Airlines Group in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada reduced their price objective on International Consolidated Airlines Group from GBX 480 to GBX 465 and set an “outperform” rating for the company in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 466.

International Consolidated Airlines Group Price Performance

The business has a fifty day moving average price of GBX 438.97 and a 200 day moving average price of GBX 412.10. The company has a market capitalization of £18.71 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.21 and a beta of 1.33.

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.