IG Group Holdings plc (LON:IGG) Receives GBX 985.40 Average Price Target from Brokerages

Shares of IG Group Holdings plc (LON:IGG) have earned a consensus recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 985.40 ($12.89).

A number of equities analysts recently commented on IGG shares. Shore Capital reissued a “buy” rating on shares of IG Group in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,065 ($13.93) price objective on shares of IG Group in a report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their target price on IG Group from GBX 1,000 ($13.08) to GBX 1,100 ($14.38) and gave the company an “outperform” rating in a research report on Thursday, August 1st.

IG Group Trading Down 0.1 %

IGG stock opened at GBX 960.50 ($12.56) on Friday. The firm’s fifty day simple moving average is GBX 920.27 and its two-hundred day simple moving average is GBX 816.48. The stock has a market capitalization of £3.49 billion, a price-to-earnings ratio of 1,232.05, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. IG Group has a twelve month low of GBX 600.50 ($7.85) and a twelve month high of GBX 995.25 ($13.01).

IG Group Increases Dividend

The company 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 ($0.43) dividend. This is a positive change from IG Group’s previous dividend of $13.56. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 3.86%. IG Group’s dividend payout ratio (DPR) is 5,897.44%.

Insider Buying and Selling at IG Group

In other news, insider Charlie Rozes sold 23,088 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of GBX 910 ($11.90), for a total value of £210,100.80 ($274,749.31). Company insiders own 4.32% of the company’s stock.

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.