IG Group (LON:IGG) Sets New 52-Week High – Here’s What Happened

Shares of IG Group Holdings plc (LON:IGG) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,059 ($13.06) and last traded at GBX 1,049.81 ($12.94), with a volume of 743935 shares. The stock had previously closed at GBX 1,054.18 ($13.00).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of IG Group in a research report on Thursday, January 16th.

IG Group Price Performance

The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40. The business’s 50-day moving average price is GBX 970.32 and its two-hundred day moving average price is GBX 937.90. The firm has a market cap of £3.80 billion, a price-to-earnings ratio of 1,355.08, a P/E/G ratio of -1.44 and a beta of 0.55.

Insider Activity

In other IG Group news, insider Marieke Flament purchased 5,335 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of GBX 937 ($11.55) per share, with a total value of £49,988.95 ($61,638.66). Company insiders own 4.44% of the company’s stock.

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.