IG Group (LON:IGG) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

IG Group Holdings plc (LON:IGG)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

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

IG Group Trading Down 0.3 %

The company’s fifty day moving average is GBX 978.84 and its 200-day moving average is GBX 958.27. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The firm has a market capitalization of £3.39 billion, a P/E ratio of 6.37, a P/E/G ratio of -1.44 and a beta of 0.55.

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

IG Group Cuts Dividend

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

Insider Buying and Selling at IG Group

In other news, insider Clifford Abrahams acquired 5,000 shares of IG Group stock in a transaction on Monday, February 3rd. The stock was bought at an average price of GBX 1,013 ($13.11) per share, for a total transaction of £50,650 ($65,574.83). 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.