IG Group’s (IGG) “Buy” Rating Reaffirmed at Shore Capital

IG Group (LON:IGG)‘s stock had its “buy” rating restated by analysts at Shore Capital in a research note issued to investors on Thursday,London Stock Exchange reports.

IG Group Trading Up 1.9 %

IGG traded up GBX 19.89 ($0.24) on Thursday, reaching GBX 1,042.89 ($12.76). 1,215,883 shares of the company’s stock were exchanged, compared to its average volume of 1,300,704. IG Group has a twelve month low of GBX 671 ($8.21) and a twelve month high of GBX 1,049 ($12.84). The company’s 50 day moving average is GBX 962.91 and its 200-day moving average is GBX 933.40. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31. The company has a market cap of £3.75 billion, a price-to-earnings ratio of 1,337.04, a PEG ratio of -1.44 and a beta of 0.55.

Insider Activity

In other IG Group news, insider Marieke Flament purchased 5,335 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of GBX 937 ($11.47) per share, with a total value of £49,988.95 ($61,185.99). Insiders own 4.44% of the company’s stock.

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.