IG Group (LON:IGG) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of IG Group Holdings plc (LON:IGGGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 958.25 ($12.41) and traded as high as GBX 962.50 ($12.46). IG Group shares last traded at GBX 961 ($12.44), with a volume of 46,366,148 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of IG Group in a research note on Thursday, March 13th.

Read Our Latest Research Report on IGG

IG Group Trading Up 0.7 %

The business’s 50 day simple moving average is GBX 980.03 and its two-hundred day simple moving average is GBX 958.25. The stock has a market cap of £3.41 billion, a P/E ratio of 6.41, a PEG ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

IG Group (LON:IGGGet Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The company reported GBX 55.30 ($0.72) earnings per share for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. As a group, analysts expect that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 30th were issued a GBX 13.86 ($0.18) dividend. The ex-dividend date was Thursday, January 30th. This represents a yield of 1.37%. IG Group’s dividend payout ratio (DPR) is presently 30.68%.

Insider Buying and Selling

In other IG Group news, insider Clifford Abrahams purchased 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of GBX 1,013 ($13.11) per share, for a total transaction of £50,650 ($65,574.83). 4.44% of the stock is owned by corporate insiders.

IG Group Company Profile

(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.

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