IG Group (LON:IGG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

IG Group Holdings plc (LON:IGG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,204.83 and traded as high as GBX 1,345. IG Group shares last traded at GBX 1,333, with a volume of 1,100,630 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on IG Group in a research note on Tuesday, December 2nd. They issued a “buy” rating and a GBX 1,300 price target for the company. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, IG Group currently has a consensus rating of “Buy” and a consensus target price of GBX 1,302.

IG Group Trading Up 1.6%

The firm’s 50-day simple moving average is GBX 1,341.51 and its 200 day simple moving average is GBX 1,207.16. The company has a debt-to-equity ratio of 30.81, a current ratio of 3.43 and a quick ratio of 2.40. The firm has a market capitalization of £4.54 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of -1.44 and a beta of 0.64.

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. 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.