IG Group (LON:IGG) Reaches New 1-Year High at $833.00

Shares of IG Group Holdings plc (LON:IGG - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 833 ($10.57) and last traded at GBX 831 ($10.54), with a volume of 941421 shares. The stock had previously closed at GBX 829 ($10.52).

Wall Street Analyst Weigh In

Several brokerages have weighed in on IGG. Canaccord Genuity Group dropped their target price on IG Group from GBX 859 ($10.90) to GBX 782 ($9.92) and set a "buy" rating on the stock in a research report on Thursday, February 29th. Shore Capital reissued a "buy" rating on shares of IG Group in a report on Thursday, March 14th. Finally, Royal Bank of Canada increased their price objective on IG Group from GBX 950 ($12.05) to GBX 1,000 ($12.69) and gave the company an "outperform" rating in a report on Friday, May 31st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 940.50 ($11.93).

IG Group Stock Performance

The firm has a 50 day moving average of GBX 782.18 and a two-hundred day moving average of GBX 747.73. The stock has a market cap of £3.07 billion, a P/E ratio of 1,110.81, a P/E/G ratio of -1.44 and a beta of 0.52. The company has a debt-to-equity ratio of 17.18, a quick ratio of 2.40 and a current ratio of 2.25.

IG Group Company Profile

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.