The "overweight" rating of IG Group's (LON:IGG) stock was reassessed in a research report released Monday by investment analysts at Barclays, reports PriceTargets.com. They currently have a GBX 1,210 ($16.46) price objective on the stock. Barclays' price objective points to a potential increase of 56.63% from the company's current price.
Several other research analysts have also weighed in on IGG. Librem Capital re-issued the "Hold" rating on IG Group shares in a research note dated Friday, November 26th. Shore Capital confirmed the "buy" rating on IG Group's shares in a research note dated Thursday, January 27. Finally, Peele Hunt reaffirmed the "add" rating and issued a GBX 1,000 ($13.60) price target on IG Group shares in a research note on Wednesday, December 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, IG Group has an average rating of "Buy" and a consensus target price of GBX 1,095.50 ($14.90).
Shares of IG Group opened on Monday at GBX 772.50 ($10.51). The company's 50 day simple moving average GBX is 803.06 and its 200 day simple moving average GBX is 823.83. IG Group has fifty two-week low of GBX 752 ($10.23) and fifty-two week high of GBX 960 ($13.06). The firm has a market capitalization of £3.33 billion and a price-to-earnings ratio of 7.95. The company has a debt-to-equity ratio of 18.37, a current ratio of 2.31 and a quick ratio of 2.08.
In related news, insider June Felix acquired 6,476 shares of the firm's stock in a transaction on Friday, February 11. Shares were purchased at an average cost of GBX 772 ($10.50) per share, for a total transaction of £49,994.72 ($67,992.28).
IG Group Company Profile
IG Group Holdings plc operates as a worldwide multi-platform trading company. It offers CFDs (Contracts for Difference), derivative contracts that enable clients to take advantage of asset price changes; and spread betting which allows clients to take advantage of asset price changes without owning the asset and use the same range of risk-mitigation measures.