Shore Capital reissued their buy rating on shares of IG Group (LON:IGG) in a report released on Tuesday, Digital Look reports.
A number of other research firms have also recently weighed in on IGG. Liberum Capital reissued a buy rating and issued a GBX 668 ($8.73) price objective (down from GBX 687 ($8.98)) on shares of IG Group in a research report on Tuesday, July 23rd. Barclays reissued an overweight rating and issued a GBX 780 ($10.19) price objective on shares of IG Group in a research report on Thursday, May 23rd. Peel Hunt reissued a buy rating and issued a GBX 685 ($8.95) price objective (up from GBX 650 ($8.49)) on shares of IG Group in a research report on Monday, July 22nd. Finally, Numis Securities cut shares of IG Group to an add rating and set a GBX 657 ($8.58) price objective for the company. in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 697 ($9.11).
LON:IGG traded down GBX 9 ($0.12) on Tuesday, reaching GBX 567.20 ($7.41). The stock had a trading volume of 1,197,113 shares, compared to its average volume of 1,280,000. The company has a current ratio of 4.00, a quick ratio of 3.76 and a debt-to-equity ratio of 11.83. The stock’s 50-day moving average price is GBX 582.89. The company has a market cap of $2.09 billion and a PE ratio of 13.25. IG Group has a 12-month low of GBX 467.40 ($6.11) and a 12-month high of GBX 956.50 ($12.50).
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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