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.
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