IG Group (LON:IGG) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

IG Group Holdings plc (LON:IGG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,002.73 ($13.57) and traded as high as GBX 1,105 ($14.95). IG Group shares last traded at GBX 1,076.44 ($14.56), with a volume of 1,652,618 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IGG shares. Shore Capital restated a “buy” rating on shares of IG Group in a research report on Thursday, March 13th. Canaccord Genuity Group boosted their price target on IG Group from GBX 782 ($10.58) to GBX 1,099 ($14.87) and gave the company a “buy” rating in a report on Friday, May 30th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 ($35.17) price target on shares of IG Group in a report on Thursday, May 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, IG Group has a consensus rating of “Buy” and a consensus price target of GBX 1,466 ($19.83).

IG Group Price Performance

The company has a fifty day simple moving average of GBX 1,054.10 and a two-hundred day simple moving average of GBX 1,003.21. 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 capitalization of £3.82 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of -1.44 and a beta of 0.55.

IG Group Company Profile

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.