IG Group (LON:IGG) Given “Buy” Rating at Shore Capital

IG Group (LON:IGG)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently issued reports on IGG. Numis Securities downgraded IG Group to an “add” rating and set a GBX 657 ($8.58) price target on the stock. in a research report on Wednesday, June 12th. Peel Hunt restated a “buy” rating on shares of IG Group in a research report on Monday, September 16th. Liberum Capital restated a “buy” rating and issued a GBX 668 ($8.73) target price (down previously from GBX 687 ($8.98)) on shares of IG Group in a research report on Tuesday, July 23rd. Finally, Barclays restated an “overweight” rating and issued a GBX 780 ($10.19) target price on shares of IG Group in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. IG Group has an average rating of “Buy” and an average price target of GBX 671.50 ($8.77).

Shares of IGG traded up GBX 29.60 ($0.39) during mid-day trading on Thursday, reaching GBX 606.20 ($7.92). The company had a trading volume of 1,089,354 shares, compared to its average volume of 1,280,000. The stock has a market capitalization of $2.24 billion and a P/E ratio of 14.16. The stock has a 50 day moving average of GBX 582.07 and a two-hundred day moving average of GBX 555.84. The company has a quick ratio of 3.76, a current ratio of 4.00 and a debt-to-equity ratio of 11.83. IG Group has a 52-week low of GBX 467.40 ($6.11) and a 52-week high of GBX 653.50 ($8.54).

In other news, insider June Felix acquired 7,800 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of GBX 626 ($8.18) per share, with a total value of £48,828 ($63,802.43). Also, insider Paul Mainwaring sold 29,925 shares of IG Group stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of GBX 565 ($7.38), for a total value 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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Analyst Recommendations for IG Group (LON:IGG)

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