Several other equities research analysts have also issued reports on IGG. Shore Capital raised shares of IG Group to a buy rating in a research report on Tuesday, December 4th. Barclays reissued an overweight rating and issued a GBX 1,000 ($13.07) price objective on shares of IG Group in a research report on Wednesday, December 5th. Peel Hunt initiated coverage on shares of IG Group in a research report on Tuesday, December 18th. They issued a buy rating and a GBX 775 ($10.13) price objective for the company. Canaccord Genuity reissued a sell rating and issued a GBX 519 ($6.78) price objective on shares of IG Group in a research report on Tuesday, January 22nd. Finally, Royal Bank of Canada initiated coverage on shares of IG Group in a research report on Tuesday, February 26th. They issued an outperform rating and a GBX 720 ($9.41) price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of GBX 812 ($10.61).
IG Group stock opened at GBX 574.50 ($7.51) on Tuesday. IG Group has a 52-week low of GBX 524.50 ($6.85) and a 52-week high of GBX 956.50 ($12.50). The firm has a market capitalization of $2.11 billion and a PE ratio of 10.17. The company has a quick ratio of 3.73, a current ratio of 3.81 and a debt-to-equity ratio of 12.17.
The company also recently declared a dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, January 31st were issued a dividend of GBX 12.96 ($0.17) per share. This represents a yield of 2.02%. The ex-dividend date of this dividend was Thursday, January 31st. IG Group’s payout ratio is 0.81%.
In other news, insider June Felix purchased 17,000 shares of the stock in a transaction that occurred on Wednesday, January 23rd. The stock was acquired at an average cost of GBX 586 ($7.66) per share, with a total value of £99,620 ($130,171.17).
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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