IG Group (LON:IGG - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 2,600 ($34.99) target price on the stock. Berenberg Bank's price objective indicates a potential upside of 131.32% from the company's previous close.
Several other equities analysts also recently issued reports on IGG. Shore Capital reissued a "buy" rating on shares of IG Group in a report on Thursday, March 13th. Canaccord Genuity Group lifted their price target on shares of IG Group from GBX 782 ($10.52) to GBX 1,099 ($14.79) and gave the company a "buy" rating in a report on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 1,466 ($19.73).
Check Out Our Latest Stock Report on IG Group
IG Group Price Performance
Shares of LON:IGG traded up GBX 3.99 ($0.05) during midday trading on Thursday, reaching 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 company's 50 day simple moving average is GBX 1,040.80 and its two-hundred day simple moving average is GBX 997.76. The firm has a market capitalization of £3.98 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. IG Group has a 12 month low of GBX 776.50 ($10.45) and a 12 month high of GBX 1,148 ($15.45). The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47.
About IG Group
(
Get Free Report)
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.
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