Shares of IG Group Holdings plc (LON:IGG - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,157 ($15.67) and last traded at GBX 1,151 ($15.59), with a volume of 1809246 shares changing hands. The stock had previously closed at GBX 1,152 ($15.61).
Wall Street Analyst Weigh In
Several research firms recently issued reports on IGG. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of IG Group from GBX 1,225 to GBX 1,350 and gave the company a "buy" rating in a research note on Friday, August 8th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,600 price objective on shares of IG Group in a research report on Thursday, May 29th. Royal Bank Of Canada upped their price objective on shares of IG Group from GBX 1,150 to GBX 1,275 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Shore Capital reaffirmed a "buy" rating and set a GBX 1,200 price objective on shares of IG Group in a research report on Thursday, July 24th. Finally, Canaccord Genuity Group increased their price target on shares of IG Group from GBX 782 to GBX 1,099 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 1,504.80.
Get Our Latest Stock Analysis on IG Group
IG Group Trading Down 1.6%
The firm has a market cap of £3.83 billion, a P/E ratio of 1,047.57, a P/E/G ratio of -1.44 and a beta of 0.55. The business's 50-day moving average is GBX 1,105.58 and its two-hundred day moving average is GBX 1,049.49. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40.
IG Group (LON:IGG - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported GBX 114.10 EPS for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. As a group, analysts predict that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.
About IG Group
(
Get Free Report)
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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