Shares of IG Group Holdings plc (LON:IGG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 879.03 ($11.08) and traded as high as GBX 940 ($11.85). IG Group shares last traded at GBX 927.50 ($11.69), with a volume of 548,604 shares traded.
A number of brokerages recently commented on IGG. Shore Capital restated a "buy" rating on shares of IG Group in a report on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of IG Group from GBX 1,000 ($12.60) to GBX 1,100 ($13.86) and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,065 ($13.42) target price on shares of IG Group in a research note on Wednesday, August 14th.
View Our Latest Research Report on IG Group
The company has a 50 day moving average of GBX 926.41 and a two-hundred day moving average of GBX 879.03. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40. The company has a market capitalization of £3.33 billion, a PE ratio of 1,189.10, a PEG ratio of -1.44 and a beta of 0.55.
In related news, insider Breon Corcoran acquired 40,000 shares of IG Group stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average price of GBX 916 ($11.54) per share, with a total value of £366,400 ($461,751.73). 4.44% of the stock is owned by company insiders.
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.
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