IG Group (LON:IGG) Sets New 12-Month High at $833.00

IG Group Holdings plc (LON:IGG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 833 ($10.57) and last traded at GBX 831 ($10.54), with a volume of 941421 shares. The stock had previously closed at GBX 829 ($10.52).

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IGG. Canaccord Genuity Group reduced their price target on shares of IG Group from GBX 859 ($10.90) to GBX 782 ($9.92) and set a “buy” rating for the company in a research report on Thursday, February 29th. Shore Capital restated a “buy” rating on shares of IG Group in a research note on Thursday, March 14th. Finally, Royal Bank of Canada raised their price target on IG Group from GBX 950 ($12.05) to GBX 1,000 ($12.69) and gave the company an “outperform” rating in a report on Friday, May 31st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 940.50 ($11.93).

IG Group Stock Up 0.5 %

The company has a quick ratio of 2.40, a current ratio of 2.25 and a debt-to-equity ratio of 17.18. The stock has a 50-day simple moving average of GBX 782.18 and a two-hundred day simple moving average of GBX 747.73. The firm has a market cap of £3.07 billion, a PE ratio of 1,106.76, a P/E/G ratio of -1.44 and a beta of 0.52.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.