IG Group Holdings plc (LON:IGG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 879.03 ($11.08) and traded as high as GBX 940 ($11.85). IG Group shares last traded at GBX 927.50 ($11.69), with a volume of 548,604 shares.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,065 ($13.42) target price on shares of IG Group in a research report on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on IG Group from GBX 1,000 ($12.60) to GBX 1,100 ($13.86) and gave the company an "outperform" rating in a research report on Thursday, August 1st. Finally, Shore Capital reaffirmed a "buy" rating on shares of IG Group in a research note on Thursday, July 25th.
View Our Latest Analysis on IG Group
IG Group Price Performance
The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40. The stock has a market capitalization of £3.33 billion, a P/E ratio of 1,189.10, a PEG ratio of -1.44 and a beta of 0.55. The stock's fifty day moving average is GBX 925.76 and its 200-day moving average is GBX 880.29.
Insider Transactions at IG Group
In other news, insider Breon Corcoran bought 40,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of GBX 916 ($11.54) per share, for a total transaction of £366,400 ($461,751.73). 4.44% of the stock is currently owned by corporate insiders.
IG Group Company Profile
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IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.
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