IG Group (LON:IGG) Shares Pass Above Two Hundred Day Moving Average of $750.39

IG Group Holdings plc (LON:IGG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 750.39 ($9.49) and traded as high as GBX 826 ($10.45). IG Group shares last traded at GBX 821 ($10.38), with a volume of 738,822 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of IG Group in a research report on Thursday, March 14th. Royal Bank of Canada increased their price target on shares of IG Group from GBX 950 ($12.02) to GBX 1,000 ($12.65) and gave the company an “outperform” rating in a research 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 an average target price of GBX 940.50 ($11.90).

IG Group Stock Down 0.1 %

The company has a debt-to-equity ratio of 17.18, a current ratio of 2.25 and a quick ratio of 2.40. The firm’s 50 day moving average is GBX 791.76 and its two-hundred day moving average is GBX 750.39. The firm has a market capitalization of £3.07 billion, a P/E ratio of 1,109.46, a PEG ratio of -1.44 and a beta of 0.52.

IG Group Company Profile

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.