Shares of IG Group Holdings plc (LON:IGG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,023.86 ($13.74) and traded as high as GBX 1,091 ($14.64). IG Group shares last traded at GBX 1,074 ($14.42), with a volume of 318,570 shares.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on IGG. Canaccord Genuity Group raised their target price on shares of IG Group from GBX 782 ($10.50) to GBX 1,099 ($14.75) and gave the company a "buy" rating in a research note on Friday, May 30th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,600 ($34.90) target price on shares of IG Group in a research note on Thursday, May 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 1,466 ($19.68).
View Our Latest Stock Report on IGG
IG Group Stock Up 0.6%
The company's fifty day moving average price is GBX 1,083.62 and its 200-day moving average price is GBX 1,024.09. The stock has a market cap of £3.81 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47.
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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