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

IG Group Holdings plc (LON:IGG)’s stock price reached a new 52-week high during trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IGG shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 price objective on shares of IG Group in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft initiated 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. Shore Capital reiterated a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a research report on Thursday, September 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research note on Friday, September 26th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Stock Up 0.6%

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 company has a market cap of £4.58 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of -1.44 and a beta of 0.55. The firm has a 50-day moving average price of GBX 1,217.23 and a 200 day moving average price of GBX 1,145.58.

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.