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

IG Group Holdings plc (LON:IGG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 957.69 ($11.92) and traded as high as GBX 1,001 ($12.46). IG Group shares last traded at GBX 994.25 ($12.38), with a volume of 2,980,865 shares traded.

Analysts Set New Price Targets

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

IG Group Stock Down 0.5 %

The firm has a market capitalization of £3.57 billion, a P/E ratio of 1,274.68, a PEG ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31. The firm’s 50-day moving average is GBX 998.16 and its 200 day moving average is GBX 957.69.

IG Group (LON:IGG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported GBX 55.30 ($0.69) earnings per share (EPS) for the quarter. IG Group had a net margin of 32.24% and a return on equity of 15.76%. As a group, equities research analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 30th were paid a GBX 13.86 ($0.17) dividend. The ex-dividend date was Thursday, January 30th. This represents a yield of 1.37%. IG Group’s dividend payout ratio is 5,897.44%.

Insider Transactions at IG Group

In other news, insider Clifford Abrahams acquired 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of GBX 1,013 ($12.61) per share, for a total transaction of £50,650 ($63,068.11). Also, insider Marieke Flament bought 5,335 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of GBX 937 ($11.67) per share, for a total transaction of £49,988.95 ($62,244.99). 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.