IG Group (LON:IGG) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of IG Group (LON:IGGGet Rating) in a report released on Friday morning, Marketbeat Ratings reports. They currently have a GBX 1,000 ($12.25) target price on the stock.

A number of other brokerages have also commented on IGG. Shore Capital reissued a buy rating on shares of IG Group in a report on Monday, August 1st. Barclays restated an overweight rating and issued a GBX 1,210 ($14.83) target price on shares of IG Group in a research note on Friday, July 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of GBX 1,070 ($13.11).

IG Group Stock Performance

Shares of IGG opened at GBX 817.50 ($10.02) on Friday. The company has a debt-to-equity ratio of 15.74, a quick ratio of 2.39 and a current ratio of 2.50. The stock has a 50 day moving average price of GBX 719.06 and a two-hundred day moving average price of GBX 762. The firm has a market capitalization of £3.52 billion and a P/E ratio of 888.59. IG Group has a 52 week low of GBX 646.75 ($7.92) and a 52 week high of GBX 947.50 ($11.61).

IG Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 22nd will be paid a GBX 31.24 ($0.38) dividend. This is an increase from IG Group’s previous dividend of $12.96. The ex-dividend date is Thursday, September 22nd. This represents a yield of 4.28%. IG Group’s dividend payout ratio is presently 46.96%.

Insider Buying and Selling at IG Group

In other IG Group news, insider Jonathan Moulds bought 100,000 shares of the stock in a transaction on Thursday, May 19th. The shares were acquired at an average price of GBX 703 ($8.61) per share, with a total value of £703,000 ($861,414.04). In other news, insider Charlie Rozes sold 17,985 shares of the company’s stock in a transaction on Monday, July 4th. The shares were sold at an average price of GBX 683 ($8.37), for a total value of £122,837.55 ($150,517.77). Also, insider Jonathan Moulds purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was purchased at an average cost of GBX 703 ($8.61) per share, for a total transaction of £703,000 ($861,414.04).

IG Group Company Profile

(Get Rating)

IG Group Holdings plc engages in the online trading business worldwide. The company offers Over-the-counter (OTC) leveraged derivatives, which include CFD (contracts for difference) that enable clients to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and spread bets and options.

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Analyst Recommendations for IG Group (LON:IGG)

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