Shares of 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 1,045.59 ($14.11) and traded as high as GBX 1,157 ($15.62). IG Group shares last traded at GBX 1,151 ($15.54), with a volume of 1,809,246 shares.
Analysts Set New Price Targets
IGG has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of IG Group from GBX 782 to GBX 1,099 and gave the company a "buy" rating in a research note on Friday, May 30th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,600 target price on shares of IG Group in a research note on Thursday, May 29th. Royal Bank Of Canada boosted their target price on IG Group from GBX 1,150 to GBX 1,275 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised their price target on IG Group from GBX 1,225 to GBX 1,350 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 1,200 price objective on shares of IG Group in a research report on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 1,504.80.
Read Our Latest Report on IGG
IG Group Stock Down 0.3%
The firm's 50-day simple moving average is GBX 1,101.56 and its 200 day simple moving average is GBX 1,045.59. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47. The company has a market cap of £4.07 billion, a P/E ratio of 7.66, a PEG ratio of -1.44 and a beta of 0.55.
IG Group (LON:IGG - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported GBX 114.10 EPS for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. On average, research analysts forecast that IG Group Holdings plc will post 104.0295119 earnings per share 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.
Further Reading
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