Shares of IG Group Holdings plc (LON:IGG - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,040.19 ($14.06) and traded as high as GBX 1,148 ($15.52). IG Group shares last traded at GBX 1,137 ($15.37), with a volume of 684,925 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Berenberg Bank reissued a "buy" rating and set a GBX 2,600 price target on shares of IG Group in a research report on Thursday, May 29th. Royal Bank Of Canada raised their price target on IG Group from GBX 1,150 to GBX 1,275 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Canaccord Genuity Group raised their price target on IG Group from GBX 782 to GBX 1,099 and gave the stock a "buy" rating in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft raised their price target on IG Group from GBX 1,225 to GBX 1,350 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Shore Capital reissued a "buy" rating and issued a GBX 1,200 price target on shares of IG Group in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IG Group presently has a consensus rating of "Buy" and an average target price of GBX 1,504.80.
Get Our Latest Report on IGG
IG Group Stock Performance
The company has a market cap of £4.09 billion, a P/E ratio of 7.69, a PEG ratio of -1.44 and a beta of 0.55. The company has a 50 day moving average price of GBX 1,096.09 and a 200-day moving average price of GBX 1,043.09. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.
IG Group (LON:IGG - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 earnings per share (EPS) for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. Equities analysts expect that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.
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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