International Consolidated Airlines Group (LON:IAG) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

International Consolidated Airlines Group S.A. (LON:IAG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 377.83 and traded as high as GBX 417.70. International Consolidated Airlines Group shares last traded at GBX 415.18, with a volume of 1,142,756,500 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IAG. Deutsche Bank Aktiengesellschaft upped 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. Citigroup upped their price target 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. Peel Hunt reiterated a “buy” rating and issued a GBX 450 price target on shares of International Consolidated Airlines Group in a report on Friday, November 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 500 price objective on shares of International Consolidated Airlines Group in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. 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 Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. The stock’s 50 day moving average is GBX 399.10 and its 200 day moving average is GBX 379.07. The stock has a market capitalization of £19.19 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.21 and a beta of 2.31.

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.