IG Group (LON:IGG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

IG Group Holdings plc (LON:IGG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,175.09 and traded as high as GBX 1,387. IG Group shares last traded at GBX 1,368.56, with a volume of 1,183,623 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IGG shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of IG Group in a research note on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 price target for the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 target price on shares of IG Group in a report on Thursday, October 16th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IG Group presently has a consensus rating of “Buy” and an average target price of GBX 1,302.

IG Group Trading Down 1.0%

The stock has a market capitalization of £4.61 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The firm has a 50-day moving average price of GBX 1,298.57 and a 200-day moving average price of GBX 1,175.09.

IG Group Company Profile

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. IG Group continues to innovate its offering for the new generation of tomorrow’s
investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.

Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000
financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.