IG Group (LON:IGG) Reaches New 52-Week High - What's Next?

Key Points

• IG Group's stock price reached a new 52-week high, trading at GBX 1,149 ($15.43) with a closing value of GBX 1,144 ($15.37).
• Multiple analysts have issued "buy" ratings on IG Group, with target prices ranging from GBX 1,200 ($16.12) to GBX 2,600 ($34.92).
• The company reported strong earnings with a net margin of 58.42% and a return on equity of 30.53%, projecting an EPS of approximately 104.03 for the current year.

IG Group Holdings plc (LON:IGG - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,149 ($15.57) and last traded at GBX 1,144 ($15.51), with a volume of 352457 shares changing hands. The stock had previously closed at GBX 1,139 ($15.44).

Analysts Set New Price Targets

A number of analysts have recently issued reports on IGG shares. Deutsche Bank Aktiengesellschaft increased their target price on IG Group from GBX 1,225 ($16.60) to GBX 1,350 ($18.30) and gave the company a "buy" rating in a report on Friday, August 8th. Royal Bank Of Canada lifted their price objective on IG Group from GBX 1,150 ($15.59) to GBX 1,275 ($17.28) and gave the company an "outperform" rating in a research report on Thursday. Berenberg Bank reissued a "buy" rating and set a GBX 2,600 ($35.24) price objective on shares of IG Group in a research report on Thursday, May 29th. Canaccord Genuity Group lifted their price objective on IG Group from GBX 782 ($10.60) to GBX 1,099 ($14.90) and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Shore Capital reissued a "buy" rating and set a GBX 1,200 ($16.26) price objective on shares of IG Group in a research report on Thursday, July 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, IG Group currently has an average rating of "Buy" and an average price target of GBX 1,504.80 ($20.40).

IG Group Trading Down 1.0%

The firm has a market capitalization of £4.03 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of -1.44 and a beta of 0.55. The business has a 50-day moving average of GBX 1,088.78 and a two-hundred day moving average of GBX 1,038.36. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

IG Group (LON:IGG - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.55) earnings per share for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. Research analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group Company Profile

IG Group LSEG: IGG is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients.