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

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 1,225.07 and traded as high as GBX 1,458. IG Group shares last traded at GBX 1,446, with a volume of 657,110 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of IG Group in a research report on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Trading Down 1.0%

The company’s fifty day simple moving average is GBX 1,358.77 and its two-hundred day simple moving average is GBX 1,225.07. The company has a market capitalization of £4.84 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of -1.44 and a beta of 0.64. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81.

IG Group (LON:IGG) last announced its quarterly earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. Research analysts forecast that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

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.