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

International Consolidated Airlines Group S.A. (LON:IAG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 261.48 ($3.39) and traded as high as GBX 326.90 ($4.24). International Consolidated Airlines Group shares last traded at GBX 310.50 ($4.03), with a volume of 29,720,924 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IAG. Jefferies Financial Group boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.54) to GBX 400 ($5.19) and gave the company a “buy” rating in a report on Monday, March 3rd. Barclays lowered shares of International Consolidated Airlines Group to an “underweight” rating and lowered their target price for the company from GBX 420 ($5.45) to GBX 250 ($3.24) in a research note on Wednesday. JPMorgan Chase & Co. restated an “overweight” rating on shares of International Consolidated Airlines Group in a research report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a “buy” rating and boosted their price objective for the company from GBX 215 ($2.79) to GBX 400 ($5.19) in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 320 ($4.15).

International Consolidated Airlines Group Price Performance

The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market capitalization of £16.40 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The company has a 50-day simple moving average of GBX 326.60 and a two-hundred day simple moving average of GBX 262.43.

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.