Shares of IG Group Holdings plc (LON:IGG) have been given an average rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 678.17 ($8.86).
Several research analysts recently commented on IGG shares. Barclays cut their price objective on shares of IG Group from GBX 860 ($11.24) to GBX 780 ($10.19) and set an “overweight” rating for the company in a report on Friday, March 22nd. Liberum Capital reissued a “hold” rating and issued a GBX 693 ($9.06) price target on shares of IG Group in a report on Monday, January 28th. Canaccord Genuity reissued a “sell” rating and issued a GBX 519 ($6.78) price target on shares of IG Group in a report on Tuesday, January 22nd. Shore Capital reissued a “buy” rating on shares of IG Group in a report on Tuesday, January 22nd. Finally, Peel Hunt reissued a “buy” rating on shares of IG Group in a report on Friday, February 1st.
IGG traded up GBX 4 ($0.05) on Friday, hitting GBX 484.10 ($6.33). The company’s stock had a trading volume of 1,130,539 shares, compared to its average volume of 1,280,000. The company has a market cap of $1.77 billion and a PE ratio of 8.57. IG Group has a 12 month low of GBX 471.10 ($6.16) and a 12 month high of GBX 956.50 ($12.50). The company has a current ratio of 3.81, a quick ratio of 3.73 and a debt-to-equity ratio of 12.17.
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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