IG Group (LON:IGG) Reaches New 1-Year High – Should You Buy?

IG Group Holdings plc (LON:IGG)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 1,149 ($15.60) and last traded at GBX 1,144 ($15.54), with a volume of 352457 shares. The stock had previously closed at GBX 1,139 ($15.47).

Analysts Set New Price Targets

A number of analysts have recently weighed in on IGG shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of IG Group from GBX 1,225 ($16.63) to GBX 1,350 ($18.33) and gave the stock a “buy” rating in a report on Friday, August 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 ($35.31) target price on shares of IG Group in a report on Thursday, May 29th. Canaccord Genuity Group increased their target price on shares of IG Group from GBX 782 ($10.62) to GBX 1,099 ($14.92) and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Shore Capital reiterated a “buy” rating and set a GBX 1,200 ($16.30) target price on shares of IG Group in a report on Thursday, July 24th.

IG Group Trading Down 0.0%

The company has a market capitalization of £4.04 billion, a P/E ratio of 7.60, a P/E/G ratio of -1.44 and a beta of 0.55. The stock’s 50 day moving average is GBX 1,086.16 and its 200-day moving average is GBX 1,036.63. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40.

IG Group (LON:IGG) last released its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.55) earnings per share (EPS) for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. As a group, equities research analysts anticipate that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.

About IG Group

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.