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

Shares of International Consolidated Airlines Group S.A. (LON:IAG) 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 changing hands.

Wall Street Analyst Weigh In

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

International Consolidated Airlines Group Trading Up 2.7%

The company has a market cap of £19.21 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.21 and a beta of 1.33. The firm’s fifty day moving average is GBX 440.12 and its 200 day moving average is GBX 412.25.

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.