IG Group (LON:IGG) Sets New 1-Year High – Still a Buy?

IG Group Holdings plc (LON:IGG) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 1,059 ($13.06) and last traded at GBX 1,049.81 ($12.94), with a volume of 743935 shares. The stock had previously closed at GBX 1,054.18 ($13.00).

Analyst Ratings Changes

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

IG Group Price Performance

The company has a 50-day moving average of GBX 970.32 and a 200-day moving average of GBX 937.90. 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 stock has a market cap of £3.80 billion, a price-to-earnings ratio of 1,355.08, a PEG ratio of -1.44 and a beta of 0.55.

Insider Buying and Selling at IG Group

In other IG Group news, insider Marieke Flament acquired 5,335 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of GBX 937 ($11.55) per share, for a total transaction of £49,988.95 ($61,638.66). 4.44% of the stock is owned by insiders.

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.