IG Group (LON:IGG) Shares Cross Above 200-Day Moving Average – Time to Sell?

IG Group Holdings plc (LON:IGG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,204.83 and traded as high as GBX 1,345. IG Group shares last traded at GBX 1,333, with a volume of 1,100,630 shares changing hands.

Wall Street Analysts Forecast Growth

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

IG Group Price Performance

The company has a current ratio of 3.43, a quick ratio of 2.40 and a debt-to-equity ratio of 30.81. The stock has a market cap of £4.46 billion, a PE ratio of 12.68, a PEG ratio of -1.44 and a beta of 0.64. The business has a 50-day moving average price of GBX 1,340.13 and a 200 day moving average price of GBX 1,204.83.

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.