IG Group's (IGG) Buy Rating Reaffirmed at Shore Capital

IG Group (LON:IGG - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Shore Capital in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,200 ($16.12) price target on the stock. Shore Capital's price objective points to a potential upside of 7.29% from the company's previous close.

A number of other research analysts also recently commented on IGG. Canaccord Genuity Group increased their price objective on IG Group from GBX 782 ($10.51) to GBX 1,099 ($14.77) and gave the company a "buy" rating in a report on Friday, May 30th. Berenberg Bank reissued a "buy" rating and set a GBX 2,600 ($34.94) target price on shares of IG Group in a research note on Thursday, May 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, IG Group presently has an average rating of "Buy" and a consensus target price of GBX 1,412.80 ($18.98).

IG Group Trading Down 0.9%

IG Group stock traded down GBX 9.85 ($0.13) during trading on Thursday, reaching GBX 1,118.43 ($15.03). 1,484,348 shares of the company were exchanged, compared to its average volume of 2,063,989. IG Group has a 52-week low of GBX 860 ($11.56) and a 52-week high of GBX 1,148 ($15.43). The company has a market capitalization of £3.97 billion, a P/E ratio of 7.46, a PEG ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The stock's 50 day simple moving average is GBX 1,083.01 and its two-hundred day simple moving average is GBX 1,027.58.

IG Group (LON:IGG - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.53) earnings per share (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 expect that IG Group will post 104.0295119 earnings per share for the current fiscal year.

About IG Group

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.