IG Group (LON:IGG) Hits New 1-Year 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)'s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 1,149 ($15.43) and last traded at GBX 1,144 ($15.37), with a volume of 352457 shares. The stock had previously closed at GBX 1,139 ($15.30).

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IGG shares. Berenberg Bank reissued a "buy" rating and set a GBX 2,600 ($34.92) target price on shares of IG Group in a report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of IG Group from GBX 1,225 ($16.45) to GBX 1,350 ($18.13) and gave the stock a "buy" rating in a research report on Friday. Shore Capital restated a "buy" rating and set a GBX 1,200 ($16.12) price target on shares of IG Group in a research report on Thursday, July 24th. Finally, Canaccord Genuity Group upped their price target on shares of IG Group from GBX 782 ($10.50) to GBX 1,099 ($14.76) and gave the stock a "buy" rating in a research report on Friday, May 30th.

IG Group Stock Up 0.1%

The firm's 50-day moving average price is GBX 1,084.09 and its 200 day moving average price is GBX 1,035.25. The firm has a market cap of £4.04 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. 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 announced its earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.53) earnings per share (EPS) for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. As a group, research analysts expect that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.

About IG Group

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.

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