IG Group (LON:IGG) Hits New 52-Week High at $800.00

IG Group Holdings plc (LON:IGG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 800 ($10.05) and last traded at GBX 749.50 ($9.41), with a volume of 105708 shares traded. The stock had previously closed at GBX 747 ($9.38).

Analysts Set New Price Targets

A number of brokerages recently commented on IGG. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, March 14th. Canaccord Genuity Group lowered their price target on shares of IG Group from GBX 859 ($10.79) to GBX 782 ($9.82) and set a “buy” rating on the stock in a report on Thursday, February 29th.

IG Group Trading Up 0.1 %

The firm has a market cap of £2.83 billion, a P/E ratio of 1,019.59, a PEG ratio of -1.44 and a beta of 0.52. The company has a 50 day moving average of GBX 723.34 and a 200 day moving average of GBX 710.38. The company has a debt-to-equity ratio of 17.18, a quick ratio of 2.40 and a current ratio of 2.25.

Insider Buying and Selling at IG Group

In other IG Group news, insider Robert Michael McTighe purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of GBX 679 ($8.53) per share, for a total transaction of £67,900 ($85,290.79). Corporate insiders own 5.72% of the company’s stock.

About IG Group

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.