IG Group (LON:IGG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

IG Group Holdings plc (LON:IGG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,145.58 and traded as high as GBX 1,347. IG Group shares last traded at GBX 1,341, with a volume of 996,277 shares trading hands.

Analysts Set New Price Targets

IGG has been the subject of a number of recent analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 340 price objective on shares of IG Group in a report on Thursday, October 16th. Shore Capital reissued a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a research note on Thursday, September 25th. 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 objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a report on Friday, September 26th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IG Group presently has a consensus rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Price Performance

The company has a 50 day moving average of GBX 1,217.23 and a two-hundred day moving average of GBX 1,145.58. The firm has a market cap of £4.56 billion, a P/E ratio of 12.78, a PEG ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

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.