IG Group’s (LON:IGG) “Buy” Rating Reaffirmed at Peel Hunt

IG Group (LON:IGG)‘s stock had its “buy” rating reiterated by Peel Hunt in a research note issued to investors on Friday, February 1st.

IGG has been the subject of several other reports. Barclays reiterated an “overweight” rating and set a GBX 1,040 ($13.59) price target on shares of IG Group in a research report on Wednesday, October 31st. Liberum Capital reiterated a “hold” rating and set a GBX 693 ($9.06) price target on shares of IG Group in a research report on Monday, January 28th. Numis Securities reiterated a “buy” rating and set a GBX 980 ($12.81) price target on shares of IG Group in a research report on Tuesday, October 30th. Shore Capital reiterated a “hold” rating on shares of IG Group in a research report on Tuesday, October 30th. Finally, Canaccord Genuity reiterated a “sell” rating and set a GBX 519 ($6.78) price target on shares of IG Group in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 825.14 ($10.78).

IG Group stock opened at GBX 612.50 ($8.00) on Friday. IG Group has a one year low of GBX 487.82 ($6.37) and a one year high of GBX 837.50 ($10.94).

IG Group (LON:IGG) last announced its quarterly earnings results on Tuesday, January 22nd. The company reported GBX 24.90 ($0.33) earnings per share for the quarter.

In other IG Group news, insider June Felix acquired 17,000 shares of the company’s stock in a transaction on Wednesday, January 23rd. The shares were bought at an average cost of GBX 586 ($7.66) per share, with a total value of £99,620 ($130,171.17).

IG Group Company Profile

IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.

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Analyst Recommendations for IG Group (LON:IGG)

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