IG Group (LON:IGG) Sets New 1-Year High at $663.80

IG Group Holdings plc (LON:IGG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 663.80 ($8.67) and last traded at GBX 658 ($8.60), with a volume of 15551 shares changing hands. The stock had previously closed at GBX 660 ($8.62).

IGG has been the subject of several analyst reports. Barclays reiterated an “overweight” rating and set a GBX 780 ($10.19) price objective on shares of IG Group in a report on Friday, September 20th. Shore Capital reiterated a “buy” rating on shares of IG Group in a report on Thursday, September 19th. Liberum Capital reiterated a “buy” rating and set a GBX 668 ($8.73) price objective (down previously from GBX 687 ($8.98)) on shares of IG Group in a report on Tuesday, July 23rd. Finally, Peel Hunt reiterated a “buy” rating on shares of IG Group in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. IG Group has an average rating of “Buy” and a consensus price target of GBX 671.50 ($8.77).

The firm has a fifty day moving average price of GBX 621.29 and a 200 day moving average price of GBX 573.48. The company has a debt-to-equity ratio of 11.83, a quick ratio of 3.76 and a current ratio of 4.00. The stock has a market cap of $2.43 billion and a PE ratio of 15.34.

In other IG Group news, insider June Felix acquired 7,800 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was purchased at an average price of GBX 626 ($8.18) per share, for a total transaction of £48,828 ($63,802.43).

IG Group Company Profile (LON:IGG)

IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.

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