IG Group Holdings plc (LON:IGG) Given Average Rating of “Buy” by Analysts

Shares of IG Group Holdings plc (LON:IGG) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is GBX 1,302.

IGG has been the subject of several recent analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 target price on shares of IG Group in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft began coverage on IG Group in a report on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 price target on the stock.

IG Group Stock Performance

Shares of IG Group stock opened at GBX 1,370 on Wednesday. The business has a 50-day moving average price of GBX 1,243.87 and a two-hundred day moving average price of GBX 1,155.43. IG Group has a 1-year low of GBX 860 and a 1-year high of GBX 1,372. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The company has a market cap of £4.65 billion, a P/E ratio of 13.04, a PEG ratio of -1.44 and a beta of 0.55.

About IG Group

IG Group?(LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to?power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients. IG Group continues to innovate its offering for the new generation of tomorrow’s
investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.

Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000
financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.