Brokerages Set IG Group Holdings plc (IGG) Target Price at $801.33

Shares of IG Group Holdings plc (LON:IGG) have received an average rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 769.80 ($10.06).

A number of brokerages have recently issued reports on IGG. Liberum Capital reiterated a “hold” rating on shares of IG Group in a report on Thursday, March 21st. Shore Capital upgraded shares of IG Group to a “buy” rating in a report on Tuesday, December 4th. Peel Hunt started coverage on shares of IG Group in a report on Tuesday, December 18th. They set a “buy” rating and a GBX 775 ($10.13) price target on the stock. Finally, Royal Bank of Canada started coverage on shares of IG Group in a report on Tuesday, February 26th. They set an “outperform” rating and a GBX 720 ($9.41) price target on the stock.

Shares of LON IGG remained flat at $GBX 520 ($6.79) during mid-day trading on Friday. 1,181,534 shares of the stock were exchanged, compared to its average volume of 1,280,000. The firm has a market capitalization of $1.91 billion and a PE ratio of 9.20. IG Group has a 52-week low of GBX 524.50 ($6.85) and a 52-week high of GBX 956.50 ($12.50). The company has a debt-to-equity ratio of 12.17, a current ratio of 3.81 and a quick ratio of 3.73.

IG Group (LON:IGG) last issued its quarterly earnings data on Tuesday, January 22nd. The company reported GBX 24.90 ($0.33) earnings per share (EPS) for the quarter. On average, research analysts forecast that IG Group will post 5202.99958622861 EPS for the current year.

The company also recently declared a dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, January 31st were issued a dividend of GBX 12.96 ($0.17) per share. This represents a yield of 2.02%. The ex-dividend date was Thursday, January 31st. IG Group’s dividend payout ratio (DPR) is presently 0.81%.

In other news, insider June Felix purchased 9,700 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of GBX 517 ($6.76) per share, for a total transaction of £50,149 ($65,528.55).

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.

See Also: Leveraged Buyout (LBO) Explained

Analyst Recommendations for IG Group (LON:IGG)

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