IG Group Holdings plc (LON:IGG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on IGG. Shore Capital reissued a "buy" rating on shares of IG Group in a report on Thursday, March 13th. Berenberg Bank restated a "buy" rating and issued a GBX 2,600 ($35.50) price objective on shares of IG Group in a report on Thursday, May 29th. Finally, Canaccord Genuity Group raised their target price on IG Group from GBX 782 ($10.68) to GBX 1,099 ($15.01) and gave the stock a "buy" rating in a research report on Friday, May 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 1,466 ($20.02).
Read Our Latest Report on IG Group
IG Group Price Performance
The firm has a market cap of £3.78 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The business's 50-day simple moving average is GBX 1,084.04 and its two-hundred day simple moving average is GBX 1,016.41.
IG Group Company Profile
(
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.
Further Reading
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