IG Group (LON:IGG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

IG Group Holdings plc (LON:IGG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,225.07 and traded as high as GBX 1,458. IG Group shares last traded at GBX 1,446, with a volume of 657,110 shares changing hands.

Analyst Upgrades and Downgrades

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

IG Group Stock Performance

The firm has a fifty day moving average of GBX 1,358.77 and a 200-day moving average of GBX 1,225.07. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81. The firm has a market cap of £4.84 billion, a P/E ratio of 13.76, a PEG ratio of -1.44 and a beta of 0.64.

IG Group (LON:IGG) last announced its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 earnings per share for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. Research analysts predict that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

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.