IG Group (LON:IGG) Reaches New 1-Year High – Still a Buy?

IG Group Holdings plc (LON:IGGGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,477 and last traded at GBX 1,421, with a volume of 6066249 shares traded. The stock had previously closed at GBX 1,360.

IG Group News Roundup

Here are the key news stories impacting IG Group this week:

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on IG Group in a report on Tuesday, December 2nd. They issued a “buy” rating and a GBX 1,300 target price for the company. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IG Group currently has an average rating of “Buy” and an average target price of GBX 1,302.

Check Out Our Latest Analysis on IGG

IG Group Trading Down 0.6%

The firm has a market cap of £4.81 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of -1.44 and a beta of 0.64. The company has a debt-to-equity ratio of 30.81, a quick ratio of 2.40 and a current ratio of 3.43. The company has a 50 day moving average price of GBX 1,348.42 and a 200 day moving average price of GBX 1,216.06.

IG Group (LON:IGGGet Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. On average, research analysts expect that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.

About IG Group

(Get Free Report)

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.

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