IG Group (LON:IGG) Stock Crosses Above 200 Day Moving Average of $703.09

IG Group Holdings plc (LON:IGG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 703.09 ($8.75) and traded as high as GBX 727.50 ($9.06). IG Group shares last traded at GBX 720.50 ($8.97), with a volume of 1,405,058 shares traded.

Analyst Upgrades and Downgrades

IGG has been the topic of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of IG Group in a research report on Thursday, March 14th. Canaccord Genuity Group decreased their price target on shares of IG Group from GBX 859 ($10.69) to GBX 782 ($9.73) and set a “buy” rating for the company in a report on Thursday, February 29th.

IG Group Stock Down 0.5 %

The company has a debt-to-equity ratio of 17.18, a quick ratio of 2.40 and a current ratio of 2.25. The firm has a 50 day simple moving average of GBX 714.62 and a two-hundred day simple moving average of GBX 703.09. The stock has a market cap of £2.70 billion, a P/E ratio of 973.65, a P/E/G ratio of -1.44 and a beta of 0.52.

IG Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 1st were given a dividend of GBX 13.56 ($0.17) per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a yield of 1.75%. IG Group’s dividend payout ratio (DPR) is presently 6,216.22%.

Insider Activity

In other news, insider Robert Michael McTighe acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of GBX 679 ($8.45) per share, for a total transaction of £67,900 ($84,526.33). Insiders own 5.72% of the company’s stock.

About IG Group

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.