IG Group (LON:IGG) Share Price Passes Above 200-Day Moving Average of $706.71

IG Group Holdings plc (LON:IGG) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 706.71 ($8.73) and traded as high as GBX 740 ($9.14). IG Group shares last traded at GBX 732.50 ($9.05), with a volume of 754,933 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IGG shares. Shore Capital restated a “buy” rating on shares of IG Group in a research report on Thursday, March 14th. Canaccord Genuity Group lowered their price target on shares of IG Group from GBX 859 ($10.61) to GBX 782 ($9.66) and set a “buy” rating on the stock in a research report on Thursday, February 29th.

IG Group Stock Up 0.5 %

The company has a quick ratio of 2.40, a current ratio of 2.25 and a debt-to-equity ratio of 17.18. The stock has a market capitalization of £2.75 billion, a price-to-earnings ratio of 989.86, a price-to-earnings-growth ratio of -1.44 and a beta of 0.52. The business’s 50-day moving average is GBX 719.54 and its two-hundred day moving average is GBX 706.71.

Insider Buying and Selling at IG Group

In other news, insider Robert Michael McTighe bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of GBX 679 ($8.39) per share, for a total transaction of £67,900 ($83,868.58). 5.72% of the stock is currently owned by company insiders.

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.