IG Group (LON:IGG) Stock Passes Above 200-Day Moving Average – Here’s What Happened

IG Group Holdings plc (LON:IGG)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,196.91 and traded as high as GBX 1,354. IG Group shares last traded at GBX 1,345, with a volume of 1,385,443 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of IG Group in a research report on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 price objective for the company. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, IG Group presently has a consensus rating of “Buy” and an average target price of GBX 1,302.

IG Group Price Performance

The company has a debt-to-equity ratio of 30.81, a quick ratio of 2.40 and a current ratio of 3.43. The stock’s fifty day moving average price is GBX 1,336.40 and its 200-day moving average price is GBX 1,196.91. The firm has a market cap of £4.53 billion, a PE ratio of 12.78, a P/E/G ratio of -1.44 and a beta of 0.68.

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.