IG Group (LON:IGG) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

IG Group Holdings plc (LON:IGG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,189.46 and traded as high as GBX 1,364. IG Group shares last traded at GBX 1,312, with a volume of 713,749 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of IG Group in a research note on Tuesday, December 2nd. They issued a “buy” rating and a GBX 1,300 price target on the stock. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, IG Group has a consensus rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Stock Up 0.5%

The firm has a 50-day simple moving average of GBX 1,333.70 and a 200 day simple moving average of GBX 1,189.46. The stock has a market capitalization of £4.44 billion, a P/E ratio of 12.55, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40.

About IG Group

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.