IG Group (LON:IGG) Receives “Buy” Rating from Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of IG Group (LON:IGG) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently commented on IGG. Liberum Capital reiterated a buy rating and issued a GBX 668 ($8.73) target price (down previously from GBX 687 ($8.98)) on shares of IG Group in a research report on Tuesday, July 23rd. Barclays reiterated an overweight rating and issued a GBX 780 ($10.19) target price on shares of IG Group in a research report on Thursday, May 23rd. Numis Securities cut shares of IG Group to an add rating and set a GBX 657 ($8.58) target price on the stock. in a research report on Wednesday, June 12th. Finally, Shore Capital reiterated a buy rating on shares of IG Group in a research report on Tuesday, July 30th. One equities research 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. IG Group currently has a consensus rating of Buy and a consensus target price of GBX 697 ($9.11).

Shares of LON:IGG opened at GBX 638 ($8.34) on Monday. The stock has a market cap of $2.36 billion and a PE ratio of 14.91. The company’s fifty day moving average is GBX 559.07 and its 200 day moving average is GBX 551.09. IG Group has a 52 week low of GBX 467.40 ($6.11) and a 52 week high of GBX 877 ($11.46). The company has a quick ratio of 3.76, a current ratio of 4.00 and a debt-to-equity ratio of 11.83.

The company also recently disclosed a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, September 26th will be given a GBX 30.24 ($0.40) dividend. This is a boost from IG Group’s previous dividend of $12.96. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 5.25%. IG Group’s payout ratio is presently 1.00%.

In other IG Group news, insider Paul Mainwaring sold 29,925 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of GBX 565 ($7.38), for a total value of £169,076.25 ($220,928.07).

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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