IG Group (LON:IGG) Given New GBX 1,275 Price Target at Royal Bank Of Canada

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 target price increased by investment analysts at Royal Bank Of Canada from GBX 1,150 ($15.62) to GBX 1,275 ($17.31) in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 10.97% from the company's previous close.

A number of other analysts also recently issued reports on IGG. Deutsche Bank Aktiengesellschaft lifted their price objective on IG Group from GBX 1,225 ($16.63) to GBX 1,350 ($18.33) and gave the stock a "buy" rating in a research note on Friday, August 8th. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,200 ($16.30) price objective on shares of IG Group in a research note on Thursday, July 24th. Canaccord Genuity Group boosted their target price on IG Group from GBX 782 ($10.62) to GBX 1,099 ($14.92) and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 2,600 ($35.31) target price on shares of IG Group in a research report on Thursday, May 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 1,504.80 ($20.43).

IG Group Price Performance

LON IGG traded up GBX 9 ($0.12) during trading hours on Thursday, reaching GBX 1,149 ($15.60). The company's stock had a trading volume of 771,120 shares, compared to its average volume of 2,042,648. The firm's 50-day moving average price is GBX 1,086.16 and its 200-day moving average price is GBX 1,036.63. 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 has a 1 year low of GBX 860 ($11.68) and a 1 year high of GBX 1,149 ($15.60). The company has a market capitalization of £4.07 billion, a price-to-earnings ratio of 7.66, a PEG ratio of -1.44 and a beta of 0.55.

IG Group (LON:IGG - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.55) EPS for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. On average, equities research analysts predict that IG Group will post 104.0295119 EPS 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.

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