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

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

Separately, Deutsche Bank Aktiengesellschaft started coverage on IG Group in a research note on Tuesday, December 2nd. They issued a “buy” rating and a GBX 1,300 price target for the company.

IG Group Stock Performance

Shares of IG Group stock opened at GBX 1,367.37 on Friday. The stock has a market cap of £4.61 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of -1.44 and a beta of 0.55. IG Group has a twelve month low of GBX 860 and a twelve month high of GBX 1,388. The company’s fifty day moving average is GBX 1,310.25 and its 200 day moving average is GBX 1,179.62. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

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.