IG Group (LON:IGG) Shares Pass Above 200 Day Moving Average – Here’s What Happened

IG Group Holdings plc (LON:IGG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,189.46 and traded as high as GBX 1,364. IG Group shares last traded at GBX 1,312, with a volume of 713,749 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of IG Group in a research note on Tuesday, December 2nd. They issued a “buy” rating and a GBX 1,300 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IG Group presently has a consensus rating of “Buy” and an average target price of GBX 1,302.

IG Group Price Performance

The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The business’s 50-day simple moving average is GBX 1,333.70 and its two-hundred day simple moving average is GBX 1,189.46. The firm has a market cap of £4.44 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of -1.44 and a beta of 0.55.

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.