IG Group (LON:IGG) Sets New 1-Year High at $800.00

IG Group Holdings plc (LON:IGG)’s stock price hit 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).

Analyst Upgrades and Downgrades

IGG has been the topic of a number of recent research reports. Shore Capital reiterated a “buy” rating on shares of IG Group in a research note on Thursday, March 14th. Canaccord Genuity Group cut 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 research note on Thursday, February 29th.

IG Group Price Performance

The stock’s 50 day moving average is GBX 721.17 and its two-hundred day moving average is GBX 709.20. 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 stock has a market capitalization of £2.81 billion, a PE ratio of 1,009.46, a price-to-earnings-growth ratio of -1.44 and a beta of 0.52.

Insider Buying and Selling

In other news, insider Robert Michael McTighe bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of GBX 679 ($8.53) per share, for a total transaction of £67,900 ($85,290.79). Insiders own 5.72% of the company’s stock.

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.