IG Group (LON:IGG) Rating Lowered to Add at Numis Securities

Numis Securities cut shares of IG Group (LON:IGG) to an add rating in a report published on Wednesday, Digital Look reports. The brokerage currently has GBX 657 ($8.58) price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Shore Capital restated a buy rating on shares of IG Group in a research note on Wednesday, May 22nd. Peel Hunt restated a buy rating and set a GBX 650 ($8.49) target price (up from GBX 620 ($8.10)) on shares of IG Group in a research note on Wednesday, May 22nd. Liberum Capital upgraded IG Group to a buy rating and cut their target price for the stock from GBX 693 ($9.06) to GBX 687 ($8.98) in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada started coverage on IG Group in a research note on Tuesday, February 26th. They set an outperform rating and a GBX 720 ($9.41) target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. IG Group presently has an average rating of Buy and a consensus price target of GBX 694.71 ($9.08).

Shares of LON:IGG opened at GBX 570 ($7.45) on Wednesday. The company has a debt-to-equity ratio of 12.17, a quick ratio of 3.73 and a current ratio of 3.81. IG Group has a 1 year low of GBX 467.40 ($6.11) and a 1 year high of GBX 956.50 ($12.50). The company has a market cap of $2.09 billion and a P/E ratio of 10.09.

In other news, insider June Felix purchased 9,700 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of GBX 517 ($6.76) per share, for a total transaction 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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Analyst Recommendations for IG Group (LON:IGG)

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