Shore Capital Reaffirms “Buy” Rating for IG Group (LON:IGG)

IG Group (LON:IGG)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital in a report released on Thursday,Digital Look reports.

IG Group Trading Up 1.4 %

IGG opened at GBX 951 ($12.30) on Thursday. The firm has a market cap of £3.37 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. IG Group has a 52 week low of GBX 712 ($9.21) and a 52 week high of GBX 1,106 ($14.31). The business’s 50 day moving average is GBX 986.31 and its two-hundred day moving average is GBX 959.33. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

IG Group (LON:IGG) last released its quarterly earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.72) EPS for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. On average, research analysts predict that IG Group will post 104.0295119 EPS for the current year.

Insider Buying and Selling at IG Group

In related news, insider Clifford Abrahams bought 5,000 shares of the stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of GBX 1,013 ($13.10) per share, for a total transaction of £50,650 ($65,515.46). Company insiders own 4.44% of the company’s stock.

About IG Group

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.