IG Group (IGG) Receives Add Rating from Numis Securities

IG Group (LON:IGG)‘s stock had its “add” rating restated by analysts at Numis Securities in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 580 ($7.58) target price on the stock. Numis Securities’ target price suggests a potential upside of 20.16% from the company’s previous close.

A number of other research firms have also recently weighed in on IGG. Liberum Capital reaffirmed a “hold” rating and issued a GBX 693 ($9.06) price target on shares of IG Group in a report on Monday, January 28th. Peel Hunt reduced their price target on IG Group from GBX 775 ($10.13) to GBX 620 ($8.10) and set a “buy” rating for the company in a report on Friday, April 5th. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a report on Tuesday, February 12th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 519 ($6.78) price target on shares of IG Group in a report on Tuesday, January 22nd. Finally, Royal Bank of Canada initiated coverage on IG Group in a report on Tuesday, February 26th. They issued an “outperform” rating and a GBX 720 ($9.41) price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 680.29 ($8.89).

Shares of IGG stock opened at GBX 482.70 ($6.31) on Wednesday. The stock has a market capitalization of $1.78 billion and a PE ratio of 8.54. The company has a quick ratio of 3.73, a current ratio of 3.81 and a debt-to-equity ratio of 12.17. IG Group has a 52-week low of GBX 471.10 ($6.16) and a 52-week high of GBX 956.50 ($12.50).

In other IG Group news, insider June Felix purchased 9,700 shares of IG Group stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of GBX 517 ($6.76) per share, with a total value of £50,149 ($65,528.55).

About IG Group

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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