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

Royal Bank Of Canada reaffirmed their outperform rating on shares of IG Group (LON:IGG) in a research report released on Friday morning, MarketBeat.com reports. Royal Bank Of Canada currently has a GBX 1,850 price objective on the stock.

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

IG Group Stock Down 14.4%

Shares of IG Group stock opened at GBX 1,460 on Friday. The stock’s fifty day moving average is GBX 1,813.17 and its 200-day moving average is GBX 1,563.44. The firm has a market capitalization of £4.82 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of -1.44 and a beta of 0.53. The company has a quick ratio of 2.40, a current ratio of 215.53 and a debt-to-equity ratio of 31.16. IG Group has a 12-month low of GBX 1,016 and a 12-month high of GBX 1,956.

IG Group (LON:IGG) last announced its earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a return on equity of 26.63% and a net margin of 43.07%. Equities analysts anticipate that IG Group will post 104.0295119 earnings per share for the current year.

More IG Group News

Here are the key news stories impacting IG Group this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a GBX 1,850 price target, indicating expected upside from current levels. Digital Look broker ratings
• Positive Sentiment: Deutsche Bank maintained its “buy” rating with a GBX 2,000 target, while Jefferies also retained a “buy” recommendation. These endorsements suggest some analysts remain confident in IG Group’s long-term outlook. Broker ratings
• Neutral Sentiment: IG Group reported quarterly earnings of GBX 68.90 per share, alongside a 43.07% net margin and 26.63% return on equity. However, the available report does not provide enough detail to determine whether results exceeded market expectations. IG Group earnings report
• Negative Sentiment: IG Group plans to acquire U.S. prediction-market operator Underdog in a deal valued at approximately $1.1 billion to $1.3 billion. The transaction offers access to a rapidly growing market but raises concerns about the purchase price, funding, regulatory approval and integration execution. IG Group Underdog acquisition

About IG Group

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.