Analysts Set IG Group Holdings plc (LON:IGG) Target Price at GBX 1,302

IG Group Holdings plc (LON:IGG) has earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,302.

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of IG Group in a research note on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 target price on the stock.

IG Group Stock Performance

LON:IGG opened at GBX 1,362 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04. The firm’s fifty day simple moving average is GBX 1,330.94 and its 200 day simple moving average is GBX 1,187.81. The stock has a market cap of £4.59 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. IG Group has a twelve month low of GBX 860 and a twelve month high of GBX 1,388.

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. IG Group continues to innovate its offering for the new generation of tomorrow’s
investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.

Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000
financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.