IG Group (LON:IGG) Given New GBX 1,099 Price Target at Canaccord Genuity Group

IG Group (LON:IGG - Get Free Report) had its price objective increased by stock analysts at Canaccord Genuity Group from GBX 782 ($10.52) to GBX 1,099 ($14.79) in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential downside of 2.22% from the stock's previous close.

Separately, Shore Capital restated a "buy" rating on shares of IG Group in a report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 1,466 ($19.73).

IG Group Stock Up 0.4%

Shares of IGG traded up GBX 3.99 ($0.05) during mid-day trading on Friday, hitting GBX 1,123.99 ($15.13). 1,217,305 shares of the company's stock were exchanged, compared to its average volume of 2,542,784. The firm has a fifty day moving average of GBX 1,040.80 and a two-hundred day moving average of GBX 997.76. IG Group has a twelve month low of GBX 776.50 ($10.45) and a twelve month high of GBX 1,148 ($15.45). The stock has a market cap of £3.98 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

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.