IG Group (LON:IGG) Share Price Crosses Above 200-Day Moving Average of $760.84

IG Group Holdings plc (LON:IGGGet Rating)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 760.84 ($9.00) and traded as high as GBX 828.50 ($9.80). IG Group shares last traded at GBX 826.50 ($9.77), with a volume of 567,569 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IGG shares. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a report on Tuesday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 1,000 ($11.82) price target on shares of IG Group in a report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,070 ($12.65).

IG Group Stock Performance

The business has a fifty day simple moving average of GBX 782.51 and a two-hundred day simple moving average of GBX 760.84. The company has a quick ratio of 2.40, a current ratio of 2.50 and a debt-to-equity ratio of 15.74. The company has a market cap of £3.48 billion and a P/E ratio of 898.37.

IG Group Company Profile

(Get Rating)

IG Group Holdings plc engages in the online trading business worldwide. The company offers over-the-counter (OTC) leveraged 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 spread bets and options.

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