IG Group (LON:IGG) Earns Buy Rating from Shore Capital
Shore Capital reiterated their buy rating on shares of IG Group (LON:IGG) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports.
Several other research analysts have also weighed in on the stock. Liberum Capital reiterated a buy rating and set a GBX 668 ($8.73) price objective (down from GBX 687 ($8.98)) on shares of IG Group in a report on Tuesday, July 23rd. Barclays reiterated an overweight rating and set a GBX 780 ($10.19) price objective on shares of IG Group in a report on Thursday, May 23rd. Numis Securities lowered shares of IG Group to an add rating and set a GBX 657 ($8.58) price objective on the stock. in a report on Wednesday, June 12th. Finally, Peel Hunt reiterated a buy rating on shares of IG Group in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 697 ($9.11).
Shares of IGG stock opened at GBX 642.60 ($8.40) on Thursday. The firm has a market cap of $2.37 billion and a P/E ratio of 15.01. IG Group has a 1-year low of GBX 467.40 ($6.11) and a 1-year high of GBX 877 ($11.46). The company has a debt-to-equity ratio of 11.83, a current ratio of 4.00 and a quick ratio of 3.76. The firm’s 50-day simple moving average is GBX 560.48 and its 200-day simple moving average is GBX 551.41.
In other news, insider Paul Mainwaring sold 29,925 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of GBX 565 ($7.38), for a total transaction of £169,076.25 ($220,928.07).
IG Group Company Profile
IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.
See Also: Limitations of the P/E Growth ratio
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