IG Group (LON:IGG) Reaches New 12-Month High – What’s Next?

IG Group Holdings plc (LON:IGG) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,352 and last traded at GBX 1,348, with a volume of 1113831 shares changing hands. The stock had previously closed at GBX 1,341.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Shore Capital reissued a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft assumed coverage on IG Group in a research note on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research report on Friday, September 26th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 340 price target on shares of IG Group in a research note on Thursday, October 16th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IG Group currently has an average rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Price Performance

The stock has a 50 day simple moving average of GBX 1,217.23 and a 200-day simple moving average of GBX 1,145.58. The firm has a market cap of £4.58 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04.

IG Group Company Profile

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.