IG Group Holdings plc (LON:IGG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 867.32 ($11.25) and traded as high as GBX 902 ($11.70). IG Group shares last traded at GBX 899 ($11.66), with a volume of 507,849 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Shore Capital reaffirmed a "buy" rating on shares of IG Group in a report on Thursday, July 25th. Royal Bank of Canada raised their price target on shares of IG Group from GBX 1,000 ($12.97) to GBX 1,100 ($14.27) and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 1,065 ($13.81) price target on shares of IG Group in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, IG Group presently has a consensus rating of "Buy" and an average price target of GBX 986.75 ($12.80).
Get Our Latest Research Report on IGG
IG Group Trading Up 0.4 %
The firm has a market cap of £3.23 billion, a PE ratio of 1,152.56, a PEG ratio of -1.44 and a beta of 0.55. The stock's fifty day simple moving average is GBX 936.55 and its 200-day simple moving average is GBX 868.30. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40.
Insider Transactions at IG Group
In other IG Group news, insider Breon Corcoran acquired 40,000 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of GBX 916 ($11.88) per share, for a total transaction of £366,400 ($475,165.35). Company insiders own 4.44% of the company's stock.
IG Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider IG Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IG Group wasn't on the list.
While IG Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
