Peel Hunt Reaffirms Buy Rating for IG Group (IGG)

IG Group (LON:IGG)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued reports about the stock. Numis Securities restated an “add” rating and issued a GBX 580 ($7.58) price objective on shares of IG Group in a report on Wednesday, May 15th. Liberum Capital restated a “hold” rating on shares of IG Group in a report on Thursday, March 21st. Shore Capital restated a “buy” rating on shares of IG Group in a report on Thursday, March 21st. Royal Bank of Canada initiated coverage on shares of IG Group in a report on Tuesday, February 26th. They issued an “outperform” rating and a GBX 720 ($9.41) price objective for the company. Finally, Canaccord Genuity restated a “sell” rating and issued a GBX 519 ($6.78) price objective on shares of IG Group in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. IG Group presently has an average rating of “Hold” and an average price target of GBX 680.29 ($8.89).

Shares of IGG opened at GBX 474.80 ($6.20) on Wednesday. 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 has a 52 week low of GBX 471.10 ($6.16) and a 52 week high of GBX 956.50 ($12.50). The company has a market capitalization of $1.74 billion and a PE ratio of 8.40.

In related news, insider June Felix bought 9,700 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was 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.

Recommended Story: Technical Indicators – What is a Golden Cross?

Analyst Recommendations for IG Group (LON:IGG)

Receive News & Ratings for IG Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Group and related companies with MarketBeat.com's FREE daily email newsletter.