IG Group Holdings plc (LON:IGG) insider Paul Mainwaring sold 29,925 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of GBX 565 ($7.38), for a total transaction of £169,076.25 ($220,928.07).
Shares of IGG opened at GBX 555.60 ($7.26) on Wednesday. IG Group Holdings plc has a 12 month low of GBX 467.40 ($6.11) and a 12 month high of GBX 916.50 ($11.98). The stock’s fifty day simple moving average is GBX 579.56. The firm has a market capitalization of $2.05 billion and a PE ratio of 12.98. The company has a debt-to-equity ratio of 11.83, a current ratio of 4.00 and a quick ratio of 3.76.
The firm also recently announced a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, September 26th will be issued a dividend of GBX 30.24 ($0.40) per share. This is a boost from IG Group’s previous dividend of $12.96. The ex-dividend date is Thursday, September 26th. This represents a yield of 5.25%. IG Group’s dividend payout ratio is presently 1.00%.
IGG has been the subject of several recent analyst reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 668 ($8.73) target price (down previously from GBX 687 ($8.98)) on shares of IG Group in a research note on Tuesday, July 23rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 685 ($8.95) target price (up previously from GBX 650 ($8.49)) on shares of IG Group in a research note on Monday, July 22nd. Numis Securities downgraded shares of IG Group to an “add” rating and set a GBX 657 ($8.58) target price for the company. in a research note on Wednesday, June 12th. Barclays reaffirmed an “overweight” rating and issued a GBX 780 ($10.19) target price on shares of IG Group in a research note on Thursday, May 23rd. Finally, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. IG Group has an average rating of “Buy” and a consensus target price of GBX 697 ($9.11).
About IG Group
IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.
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