IG Group (LON:IGG) Stock Crosses Above 200 Day Moving Average of $750.39

IG Group Holdings plc (LON:IGG)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 750.39 ($9.49) and traded as high as GBX 826 ($10.45). IG Group shares last traded at GBX 821 ($10.38), with a volume of 738,822 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IGG shares. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, March 14th. Royal Bank of Canada raised their target price on shares of IG Group from GBX 950 ($12.02) to GBX 1,000 ($12.65) and gave the stock an “outperform” rating in a research report on Friday, May 31st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 940.50 ($11.90).

IG Group Trading Up 0.5 %

The stock’s 50 day moving average price is GBX 793.85 and its 200-day moving average price is GBX 750.97. The company has a quick ratio of 2.40, a current ratio of 2.25 and a debt-to-equity ratio of 17.18. The stock has a market capitalization of £3.12 billion, a PE ratio of 1,134.12, a PEG ratio of -1.44 and a beta of 0.52.

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.