IG Group (LON:IGG) Reaches New 52-Week High – Still a Buy?

IG Group Holdings plc (LON:IGG)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 1,025 ($12.54) and last traded at GBX 1,025 ($12.54), with a volume of 774314 shares trading hands. The stock had previously closed at GBX 1,001 ($12.25).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of IG Group in a research report on Thursday.

IG Group Stock Up 0.7 %

The business has a 50-day simple moving average of GBX 965.08 and a two-hundred day simple moving average of GBX 934.02. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. The stock has a market capitalization of £3.78 billion, a P/E ratio of 1,350.00, a PEG ratio of -1.44 and a beta of 0.55.

Insider Transactions at IG Group

In other IG Group news, insider Marieke Flament bought 5,335 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of GBX 937 ($11.46) per share, for a total transaction of £49,988.95 ($61,163.53). 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.