IG Group (IGG) Hits New 12-Month Low at $471.00

IG Group Holdings plc (LON:IGG) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 471 ($6.15) and last traded at GBX 471.71 ($6.16), with a volume of 245591 shares. The stock had previously closed at GBX 478.10 ($6.25).

A number of research analysts have recently commented on the company. Peel Hunt lowered their price objective on IG Group from GBX 775 ($10.13) to GBX 620 ($8.10) and set a “buy” rating on the stock in a report on Friday, April 5th. Numis Securities reissued an “add” rating and set a GBX 580 ($7.58) price objective on shares of IG Group in a report on Wednesday, May 15th. Liberum Capital reissued a “hold” rating on shares of IG Group in a report on Thursday, March 21st. Shore Capital reissued a “buy” rating on shares of IG Group in a report on Thursday, March 21st. Finally, Royal Bank of Canada assumed coverage on IG Group in a report on Tuesday, February 26th. They set an “outperform” rating and a GBX 720 ($9.41) price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 680.29 ($8.89).

The company has a market cap of $1.73 billion and a price-to-earnings ratio of 8.35. The company has a debt-to-equity ratio of 12.17, a current ratio of 3.81 and a quick ratio of 3.73.

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

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About IG Group (LON:IGG)

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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