IG Group (LON:IGG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has raised its price target for IG Group from GBX 1,150 to GBX 1,275, indicating a potential upside of 10.97% from the previous close.
• Multiple analysts, including Deutsche Bank and Canaccord Genuity, have issued ratings of "buy" on IG Group, with a consensus target price of GBX 1,504.80.
• IG Group reported a quarterly EPS of GBX 114.10 and has a strong return on equity of 30.53% with a high net margin of 58.42%.

IG Group (LON:IGG - Get Free Report) had its price objective increased by investment analysts at Royal Bank Of Canada from GBX 1,150 to GBX 1,275 in a report issued on Thursday, MarketBeat reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 12.14% from the company's previous close.

IGG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of IG Group from GBX 1,225 to GBX 1,350 and gave the stock a "buy" rating in a report on Friday, August 8th. Canaccord Genuity Group lifted their price target on IG Group from GBX 782 to GBX 1,099 and gave the company a "buy" rating in a report on Friday, May 30th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,600 price target on shares of IG Group in a report on Thursday, May 29th. Finally, Shore Capital reaffirmed a "buy" rating and set a GBX 1,200 price target on shares of IG Group in a report on Thursday, July 24th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 1,504.80.

IG Group Stock Down 0.7%

Shares of IG Group stock traded down GBX 8 during trading hours on Thursday, hitting GBX 1,137. 684,925 shares of the company's stock traded hands, compared to its average volume of 2,022,477. The company has a market cap of £4.03 billion, a PE ratio of 7.58, a PEG ratio of -1.44 and a beta of 0.55. IG Group has a twelve month low of GBX 860 and a twelve month high of GBX 1,153. The stock has a 50 day simple moving average of GBX 1,091.39 and a 200-day simple moving average of GBX 1,040.19. 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 (LON:IGG - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 EPS for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. Equities research analysts anticipate that IG Group will post 104.0295119 earnings per share for the current fiscal year.

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.