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

Shares of IG Group Holdings plc (LON:IGG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,326 and last traded at GBX 1,324, with a volume of 5389907 shares trading hands. The stock had previously closed at GBX 1,310.29.

Analyst Ratings Changes

A number of research firms recently weighed in on IGG. Deutsche Bank Aktiengesellschaft initiated coverage on shares of IG Group in a report on Tuesday, December 2nd. They issued a “buy” rating and a GBX 1,300 price objective on the stock. Peel Hunt restated a “buy” rating and issued a GBX 340 price target on shares of IG Group in a research note on Thursday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a report on Friday, September 26th. Finally, Shore Capital reissued a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a report on Thursday, September 25th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Stock Up 0.6%

The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47. The stock’s fifty day simple moving average is GBX 1,167.97 and its two-hundred day simple moving average is GBX 1,123.46. The company has a market capitalization of £4.50 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of -1.44 and a beta of 0.55.

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.