IG Group Holdings plc (LON:IGG) has been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 744.83 ($9.73).
A number of research analysts recently issued reports on IGG shares. Peel Hunt reissued a “buy” rating on shares of IG Group in a research note on Friday, January 4th. Shore Capital reissued a “buy” rating on shares of IG Group in a research note on Tuesday, January 22nd. Canaccord Genuity reissued a “sell” rating and issued a GBX 519 ($6.78) price objective on shares of IG Group in a research note on Tuesday, January 22nd. Liberum Capital reissued a “hold” rating and issued a GBX 693 ($9.06) price objective on shares of IG Group in a research note on Monday, January 28th. Finally, Royal Bank of Canada started coverage on shares of IG Group in a research note on Tuesday, February 26th. They issued an “outperform” rating and a GBX 720 ($9.41) price objective on the stock.
LON:IGG traded down GBX 5.80 ($0.08) during mid-day trading on Tuesday, reaching GBX 520.40 ($6.80). The stock had a trading volume of 755,635 shares, compared to its average volume of 1,280,000. The stock has a market capitalization of $1.91 billion and a price-to-earnings ratio of 9.21. The company has a debt-to-equity ratio of 12.17, a current ratio of 3.81 and a quick ratio of 3.73. IG Group has a 12 month low of GBX 471.10 ($6.16) and a 12 month high of GBX 956.50 ($12.50).
In related news, insider June Felix bought 9,700 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were purchased 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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