IG Group (LON:IGG) Sets New 52-Week High – Here’s Why

IG Group Holdings plc (LON:IGG) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,388 and last traded at GBX 1,381, with a volume of 794587 shares changing hands. The stock had previously closed at GBX 1,373.

Analyst Ratings Changes

Several brokerages recently weighed in on IGG. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 price objective on shares of IG Group in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of IG Group in a research note on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 price target on the stock. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IG Group currently has a consensus rating of “Buy” and a consensus price target of GBX 1,302.

IG Group Price Performance

The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The stock’s 50 day moving average price is GBX 1,269.71 and its two-hundred day moving average price is GBX 1,163.70. The firm has a market capitalization of £4.67 billion, a price-to-earnings ratio of 13.07, a PEG ratio of -1.44 and a beta of 0.55.

About IG Group

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.