IG Group Holdings plc (LON:IGG) insider Paul Mainwaring sold 29,925 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of GBX 565 ($7.38), for a total transaction of £169,076.25 ($220,928.07).
IG Group stock opened at GBX 544.40 ($7.11) on Thursday. The company has a market cap of $2.01 billion and a PE ratio of 12.72. The company has a debt-to-equity ratio of 11.83, a quick ratio of 3.76 and a current ratio of 4.00. IG Group Holdings plc has a twelve month low of GBX 467.40 ($6.11) and a twelve month high of GBX 916.50 ($11.98). The firm has a 50-day moving average of GBX 578.84.
The business also recently declared a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, September 26th will be issued a GBX 30.24 ($0.40) dividend. This is a boost from IG Group’s previous dividend of $12.96. This represents a yield of 5.25%. The ex-dividend date of this dividend is Thursday, September 26th. IG Group’s dividend payout ratio is currently 1.00%.
A number of equities research analysts have recently issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a report on Tuesday, July 30th. Barclays reaffirmed an “overweight” rating and issued a GBX 780 ($10.19) target price on shares of IG Group in a report on Thursday, May 23rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 685 ($8.95) target price (up from GBX 650 ($8.49)) on shares of IG Group in a report on Monday, July 22nd. Numis Securities cut shares of IG Group to an “add” rating and set a GBX 657 ($8.58) target price on the stock. in a report on Wednesday, June 12th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 668 ($8.73) target price (down from GBX 687 ($8.98)) on shares of IG Group in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. IG Group has a consensus rating of “Buy” and a consensus price target of GBX 697 ($9.11).
IG Group Company Profile
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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