IG Group (IGG) Earns Buy Rating from Shore Capital

IG Group (LON:IGG)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a note issued to investors on Tuesday.

IGG has been the topic of a number of other research reports. Barclays reissued an “overweight” rating and issued a GBX 1,040 ($13.59) target price on shares of IG Group in a report on Wednesday, October 31st. Liberum Capital reissued a “hold” rating and issued a GBX 693 ($9.06) target price on shares of IG Group in a report on Monday, January 28th. Peel Hunt reissued a “buy” rating on shares of IG Group in a report on Friday, January 4th. Numis Securities reissued a “buy” rating and issued a GBX 980 ($12.81) target price on shares of IG Group in a report on Tuesday, October 30th. Finally, Canaccord Genuity reissued a “sell” rating and issued a GBX 519 ($6.78) target price on shares of IG Group in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. IG Group presently has an average rating of “Buy” and an average target price of GBX 825.14 ($10.78).

IGG stock opened at GBX 617 ($8.06) on Tuesday. IG Group has a fifty-two week low of GBX 487.82 ($6.37) and a fifty-two week high of GBX 837.50 ($10.94).

IG Group (LON:IGG) last posted its earnings results on Tuesday, January 22nd. The company reported GBX 24.90 ($0.33) earnings per share for the quarter.

In related news, insider June Felix purchased 17,000 shares of IG Group stock in a transaction on Wednesday, January 23rd. The stock was acquired at an average price of GBX 586 ($7.66) per share, for a total transaction of £99,620 ($130,171.17).

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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