IG Group (LON:IGG) Sets New 12-Month High – Time to Buy?

IG Group Holdings plc (LON:IGG) shares hit a new 52-week high on Thursday . The company traded as high as GBX 1,477 and last traded at GBX 1,421, with a volume of 6066249 shares changing hands. The stock had previously closed at GBX 1,360.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of IG Group in a research note on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 target price for the company. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IG Group has a consensus rating of “Buy” and an average price target of GBX 1,302.

IG Group Stock Performance

The firm has a fifty day simple moving average of GBX 1,343.59 and a 200-day simple moving average of GBX 1,212.23. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81. The company has a market cap of £4.79 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of -1.44 and a beta of 0.64.

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.