IG Group (LON:IGG) Share Price Crosses Above 200-Day Moving Average of $835.17

IG Group Holdings plc (LON:IGG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 835.17 ($11.17) and traded as high as GBX 921 ($12.32). IG Group shares last traded at GBX 920.50 ($12.31), with a volume of 1,428,827 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on IGG. Shore Capital reaffirmed a "buy" rating on shares of IG Group in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 1,065 ($14.25) target price on shares of IG Group in a report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their target price on IG Group from GBX 1,000 ($13.38) to GBX 1,100 ($14.71) and gave the company an "outperform" rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of GBX 986.75 ($13.20).

IG Group Price Performance

The company has a market cap of £3.33 billion, a P/E ratio of 1,182.05, a P/E/G ratio of -1.44 and a beta of 0.55. The company's 50-day moving average price is GBX 939.73 and its 200-day moving average price is GBX 836.51. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40.

IG Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be issued a GBX 32.64 ($0.44) dividend. This represents a dividend yield of 3.86%. This is a positive change from IG Group's previous dividend of $13.56. The ex-dividend date of this dividend is Thursday, September 19th. IG Group's payout ratio is 5,897.44%.

Insiders Place Their Bets

In other IG Group news, insider Breon Corcoran acquired 40,000 shares of IG Group stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of GBX 916 ($12.25) per share, for a total transaction of £366,400 ($490,101.66). In other IG Group news, insider Charlie Rozes sold 23,088 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of GBX 910 ($12.17), for a total value of £210,100.80 ($281,033.71). Also, insider Breon Corcoran bought 40,000 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average price of GBX 916 ($12.25) per share, with a total value of £366,400 ($490,101.66). Insiders own 4.42% of the company's stock.

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.