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 - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 227.01 ($2.82) and traded as high as GBX 332.60 ($4.14). International Consolidated Airlines Group shares last traded at GBX 330.70 ($4.11), with a volume of 19,756,455 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IAG. Deutsche Bank Aktiengesellschaft raised shares of International Consolidated Airlines Group to a "buy" rating and lifted their target price for the company from GBX 215 ($2.67) to GBX 400 ($4.98) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of International Consolidated Airlines Group in a research report on Wednesday, December 4th.

International Consolidated Airlines Group Stock Performance

The firm has a market capitalization of £17.01 billion, a P/E ratio of 826.43, a price-to-earnings-growth ratio of 0.21 and a beta of 2.31. The business's 50 day simple moving average is GBX 300.51 and its two-hundred day simple moving average is GBX 231.51. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 337.70.

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.