IG Group (LON:IGG) Reaches New 1-Year High – What’s Next?

IG Group Holdings plc (LON:IGG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,370 and last traded at GBX 1,364, with a volume of 637363 shares trading hands. The stock had previously closed at GBX 1,359.

Analysts Set New Price Targets

Several research firms recently commented on IGG. Deutsche Bank Aktiengesellschaft started coverage on shares of IG Group in a research report on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 price target on the stock. Peel Hunt restated a “buy” rating and set a GBX 340 target price on shares of IG Group in a research report on Thursday, October 16th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,302.

IG Group Trading Up 0.4%

The company has a 50 day simple moving average of GBX 1,237.99 and a 200 day simple moving average of GBX 1,153.42. The company has a market capitalization of £4.63 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47.

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.