Free Trial

IG Group (LON:IGG) Shares Cross Above 200 Day Moving Average - Here's Why

IG Group logo with Financial Services background

IG Group Holdings plc (LON:IGG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,016.41 ($13.88) and traded as high as GBX 1,079 ($14.73). IG Group shares last traded at GBX 1,050 ($14.34), with a volume of 1,669,414 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Shore Capital restated a "buy" rating on shares of IG Group in a research report on Thursday, March 13th. Berenberg Bank restated a "buy" rating and issued a GBX 2,600 ($35.50) target price on shares of IG Group in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group raised their target price on shares of IG Group from GBX 782 ($10.68) to GBX 1,099 ($15.01) and gave the company a "buy" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 1,466 ($20.02).

Read Our Latest Stock Analysis on IG Group

IG Group Price Performance

The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The stock has a market cap of £3.75 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The business's 50-day simple moving average is GBX 1,084.62 and its two-hundred day simple moving average is GBX 1,018.04.

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.

See Also

Should You Invest $1,000 in IG Group Right Now?

Before you consider IG Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IG Group wasn't on the list.

While IG Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines