IG Group’s (IGG) “Buy” Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of IG Group (LON:IGG) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently issued reports on the company. Numis Securities cut IG Group to an add rating and set a GBX 657 ($8.58) target price on the stock. in a report on Wednesday, June 12th. Liberum Capital reaffirmed a buy rating and issued a GBX 668 ($8.73) target price (down from GBX 687 ($8.98)) on shares of IG Group in a report on Tuesday, July 23rd. Barclays reaffirmed an overweight rating and issued a GBX 780 ($10.19) target price on shares of IG Group in a report on Thursday, May 23rd. Finally, Shore Capital reaffirmed a buy rating on shares of IG Group in a report on Tuesday, July 30th. One equities 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’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 697 ($9.11).
Shares of IGG stock opened at GBX 591.60 ($7.73) on Monday. IG Group has a 12-month low of GBX 467.40 ($6.11) and a 12-month high of GBX 891.50 ($11.65). The company has a current ratio of 4.00, a quick ratio of 3.76 and a debt-to-equity ratio of 11.83. The stock’s 50-day moving average price is GBX 555.34 and its 200-day moving average price is GBX 550.23. The stock has a market capitalization of $2.19 billion and a price-to-earnings ratio of 13.82.
In other IG Group news, insider Paul Mainwaring sold 29,925 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was 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.
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