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

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

Several research firms recently issued reports on IGG. Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a research report on Friday, September 26th. Peel Hunt restated a “buy” rating and issued a GBX 340 target price on shares of IG Group in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of IG Group in a report on Tuesday, December 2nd. They set a “buy” rating and a GBX 1,300 price target for the company. Finally, Shore Capital reissued a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a report on Thursday, September 25th.

IG Group Stock Up 0.3%

Shares of LON:IGG opened at GBX 1,341 on Wednesday. The stock has a market capitalization of £4.55 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The stock’s 50-day moving average price is GBX 1,217.23 and its 200-day moving average price is GBX 1,145.58. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. IG Group has a 12-month low of GBX 860 and a 12-month high of GBX 1,350.

IG Group Company Profile

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.