IG Group (LON:IGG) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• IG Group shares recently surpassed their 200-day moving average at GBX 1,030.48 ($13.61), closing at GBX 1,130 ($14.93) with a trading volume of over 3.7 million shares.
• Investment analysts largely support IG Group, with several firms increasing their target prices and maintaining a "buy" rating, suggesting a consensus target price of GBX 1,412.80 ($18.66).
• IG Group reported a strong net margin of 58.42% and an earnings per share of GBX 114.10 ($1.51) in its most recent earnings result, indicating solid financial health.

IG Group Holdings plc (LON:IGG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,030.48 ($13.68) and traded as high as GBX 1,130 ($15.00). IG Group shares last traded at GBX 1,130 ($15.00), with a volume of 3,721,304 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on IGG. Berenberg Bank restated a "buy" rating and issued a GBX 2,600 ($34.52) price objective on shares of IG Group in a research report on Thursday, May 29th. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,200 ($15.93) price target on shares of IG Group in a research note on Thursday, July 24th. Finally, Canaccord Genuity Group lifted their price target on shares of IG Group from GBX 782 ($10.38) to GBX 1,099 ($14.59) and gave the company a "buy" rating in a research note on Friday, May 30th.

IG Group Stock Performance

The stock's 50-day moving average price is GBX 1,082.49 and its 200-day moving average price is GBX 1,031.46. The company has a market cap of £4.00 billion, a P/E ratio of 7.52, a PEG ratio of -1.44 and a beta of 0.55. 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 earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.52) earnings per share (EPS) for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. Equities analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current year.

About IG Group

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.