IG Group (LON:IGG) Earns Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of IG Group (LON:IGG) in a research report report published on Thursday, MarketBeat.com reports.

Separately, Royal Bank of Canada raised their price target on IG Group from GBX 950 ($12.29) to GBX 1,000 ($12.93) and gave the stock an outperform rating in a research report on Friday, May 31st. Five analysts have rated the stock with a buy rating, According to MarketBeat, IG Group presently has an average rating of Buy and a consensus price target of GBX 940.50 ($12.16).

IG Group Trading Up 3.7 %

LON:IGG opened at GBX 934.50 ($12.09) on Thursday. IG Group has a 52-week low of GBX 600.50 ($7.77) and a 52-week high of GBX 934.50 ($12.09). The company has a quick ratio of 2.40, a current ratio of 2.25 and a debt-to-equity ratio of 17.18. The stock has a fifty day simple moving average of GBX 822.61 and a 200-day simple moving average of GBX 762.41. The company has a market capitalization of £3.49 billion, a PE ratio of 1,262.84, a price-to-earnings-growth ratio of -1.44 and a beta of 0.52.

IG Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be paid a GBX 32.64 ($0.42) dividend. This is a positive change from IG Group’s previous dividend of $13.56. This represents a yield of 3.86%. The ex-dividend date is Thursday, September 19th. IG Group’s dividend payout ratio is presently 6,216.22%.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.