IG Group (LON:IGG) Share Price Passes Above 200-Day Moving Average of $706.71

IG Group Holdings plc (LON:IGG)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 706.71 ($8.73) and traded as high as GBX 740 ($9.14). IG Group shares last traded at GBX 732.50 ($9.05), with a volume of 754,933 shares traded.

Analyst Ratings Changes

IGG has been the subject of a number of research reports. Canaccord Genuity Group decreased their price objective on shares of IG Group from GBX 859 ($10.61) to GBX 782 ($9.66) and set a “buy” rating for the company in a report on Thursday, February 29th. Shore Capital reissued a “buy” rating on shares of IG Group in a report on Thursday, March 14th.

IG Group Trading Up 0.5 %

The company has a market cap of £2.75 billion, a price-to-earnings ratio of 989.86, a P/E/G ratio of -1.44 and a beta of 0.52. The company has a debt-to-equity ratio of 17.18, a current ratio of 2.25 and a quick ratio of 2.40. The firm’s fifty day moving average price is GBX 719.54 and its 200-day moving average price is GBX 706.71.

Insider Activity

In other news, insider Robert Michael McTighe purchased 10,000 shares of IG Group stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of GBX 679 ($8.39) per share, with a total value of £67,900 ($83,868.58). 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.