IG Group (LON:IGG) Given “Buy” Rating at Shore Capital

IG Group (LON:IGG – Get Rating)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research report issued on Wednesday, Marketbeat Ratings reports.

Several other equities research analysts have also recently weighed in on the stock. Numis Securities restated a “buy” rating and issued a GBX 1,100 ($13.41) price target on shares of IG Group in a research report on Friday, January 27th. Barclays restated an “overweight” rating and issued a GBX 1,210 ($14.75) price target on shares of IG Group in a research report on Friday, January 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 1,000 ($12.19) price target on shares of IG Group in a research report on Monday, February 6th.

IG Group Trading Down 0.3 %

IG Group stock opened at GBX 693.50 ($8.45) on Wednesday. The stock has a market cap of £2.87 billion, a P/E ratio of 770.56, a PEG ratio of -1.44 and a beta of 0.48. The company has a debt-to-equity ratio of 15.89, a current ratio of 2.29 and a quick ratio of 2.40. IG Group has a 1 year low of GBX 646.75 ($7.88) and a 1 year high of GBX 851 ($10.37). The firm’s 50 day moving average price is GBX 793.73 and its 200-day moving average price is GBX 791.44.

Insiders Place Their Bets

In other news, insider June Felix acquired 2,101 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was bought at an average cost of GBX 707 ($8.62) per share, with a total value of £14,854.07 ($18,103.68). 5.52% of the stock is owned by insiders.

About IG Group

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IG Group Holdings plc engages in the online trading business worldwide. The company offers over-the-counter (OTC) leveraged derivatives, which include CFD (contracts for difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and spread bets and options.