IG Group (LON:IGG) Sets New 1-Year High - Time to Buy?

Key Points

• IG Group Holdings plc's share price reached a new 52-week high of GBX 1,149 ($15.27) during mid-day trading, indicating strong market performance.
• Analysts have updated their ratings, with Canaccord Genuity raising the target price to GBX 1,099 ($14.61) and Berenberg Bank setting a target of GBX 2,600 ($34.56), both giving a "buy" rating.
• The company's recent earnings report showed a net margin of 58.42% and earnings per share of GBX 114.10 ($1.52), highlighting its financial strength.

IG Group Holdings plc (LON:IGG - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,149 ($15.45) and last traded at GBX 1,140 ($15.33), with a volume of 165828 shares. The stock had previously closed at GBX 1,140 ($15.33).

Wall Street Analyst Weigh In

IGG has been the topic of several recent research reports. Canaccord Genuity Group upped their target price on shares of IG Group from GBX 782 ($10.52) to GBX 1,099 ($14.78) and gave the company a "buy" rating in a research report on Friday, May 30th. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,200 ($16.14) price objective on shares of IG Group in a research note on Thursday, July 24th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 2,600 ($34.97) target price on shares of IG Group in a report on Thursday, May 29th.

IG Group Stock Performance

The stock has a market capitalization of £4.02 billion, a PE ratio of 7.57, a PEG ratio of -1.44 and a beta of 0.55. The business's 50 day moving average is GBX 1,083.37 and its 200 day moving average is GBX 1,033.95. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04.

IG Group (LON:IGG - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts predict that IG Group Holdings plc will post 104.0295119 earnings per share 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.