IG Group (LON:IGG) Reaches New 12-Month High – Should You Buy?

IG Group Holdings plc (LON:IGG)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,059 ($13.04) and last traded at GBX 1,049.81 ($12.92), with a volume of 743935 shares. The stock had previously closed at GBX 1,054.18 ($12.98).

Analyst Ratings Changes

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

IG Group Trading Down 2.7 %

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 company has a market cap of £3.75 billion, a price-to-earnings ratio of 1,338.46, a P/E/G ratio of -1.44 and a beta of 0.55. The company’s fifty day moving average is GBX 975.67 and its two-hundred day moving average is GBX 940.98.

Insider Transactions at IG Group

In related news, insider Marieke Flament bought 5,335 shares of the stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of GBX 937 ($11.54) per share, for a total transaction of £49,988.95 ($61,540.01). Company insiders own 4.44% of the company’s stock.

About IG Group

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.