IG Group (LON:IGG) Earns “Buy” Rating from Peel Hunt

IG Group (LON:IGG)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a report issued on Wednesday, May 22nd, ThisIsMoney.Co.Uk reports. They currently have a GBX 650 ($8.49) price target on the stock, up from their previous price target of GBX 620 ($8.10). Peel Hunt’s price objective would suggest a potential upside of 14.04% from the stock’s previous close.

A number of other analysts have also recently weighed in on IGG. Barclays decreased their price objective on IG Group from GBX 860 ($11.24) to GBX 780 ($10.19) and set an “overweight” rating for the company in a research report on Friday, March 22nd. Liberum Capital reaffirmed a “hold” rating on shares of IG Group in a research report on Thursday, March 21st. Royal Bank of Canada began coverage on IG Group in a research report on Tuesday, February 26th. They set an “outperform” rating and a GBX 720 ($9.41) price objective for the company. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Tuesday, January 22nd. Finally, Canaccord Genuity reissued a “sell” rating and issued a GBX 519 ($6.78) price target on shares of IG Group in a report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 694.71 ($9.08).

LON:IGG traded down GBX 1.40 ($0.02) during mid-day trading on Wednesday, reaching GBX 570 ($7.45). 558,048 shares of the stock were exchanged, compared to its average volume of 1,280,000. The company has a market capitalization of $2.09 billion and a PE ratio of 10.09. The company has a quick ratio of 3.73, a current ratio of 3.81 and a debt-to-equity ratio of 12.17. IG Group has a 1 year low of GBX 467.40 ($6.11) and a 1 year high of GBX 956.50 ($12.50).

In related news, insider June Felix purchased 9,700 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was bought at an average price of GBX 517 ($6.76) per share, with a total value of £50,149 ($65,528.55).

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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