IG Group (LON:IGG) Receives Outperform Rating from Royal Bank Of Canada

IG Group (LON:IGGGet Free Report)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 1,850 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 22.68% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,250 target price on shares of IG Group in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a report on Friday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,338.

Get Our Latest Report on IG Group

IG Group Stock Performance

Shares of IG Group stock traded down GBX 198 on Friday, reaching GBX 1,508. 2,684,212 shares of the company were exchanged, compared to its average volume of 6,672,221. The company has a debt-to-equity ratio of 31.16, a quick ratio of 2.40 and a current ratio of 215.53. The company’s 50-day moving average is GBX 1,820.81 and its two-hundred day moving average is GBX 1,564.17. The firm has a market cap of £4.98 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of -1.44 and a beta of 0.53. IG Group has a 1-year low of GBX 1,016 and a 1-year high of GBX 1,956.

IG Group (LON:IGGGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a return on equity of 26.63% and a net margin of 43.07%. As a group, research analysts expect that IG Group will post 104.0295119 earnings per share for the current fiscal year.

About IG Group

(Get Free Report)

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.

Further Reading

Analyst Recommendations for IG Group (LON:IGG)

Receive News & Ratings for IG Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Group and related companies with MarketBeat.com's FREE daily email newsletter.