Shares of the London-based IG Group Holdings plc (LON:IGG) continued their move upward to hit a 52 week and all-time high late last week, closing Friday trading at £9.12. Intraday, IG shares hit an all-time high of £9.15.
This marks the first time that IG shares have crossed the £9 barrier, as the company’s stock continues on a six-month move upward unfazed by events such as Brexit, slow economic growth, low interest rates, ISIS attacks…
IG’s current share price gives the company a market capitalization of £3.35 billion, or about USD $4.4 billion.
In late July IG reported that Revenues and Profits were up nicely in the second half of Fiscal 2016 (IG has a May 31 year-end). Revenues in Q4 (£119M) did take a small dip from what was a very busy and record Q3 at IG (£122M). Profits in the second half of the year (to May 31) were up nicely to £88 million (vs ££77 million in 1H), but still below IG’s record half-year profit of £101 million set in 1H last year.
IG Group share price past 6 months. Source: Google Finance.