IG Group (LON:IGG) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of IG Group (LON:IGG) in a report released on Thursday, Marketbeat.com reports.

IG Group Stock Performance

IGG opened at GBX 1,054.18 ($12.83) on Thursday. IG Group has a 12-month low of GBX 671 ($8.16) and a 12-month high of GBX 1,056 ($12.85). The firm has a market capitalization of £3.79 billion, a P/E ratio of 1,351.51, 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 970.32 and its two-hundred day moving average price is GBX 937.16. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04.

Insider Buying and Selling

In related news, insider Marieke Flament bought 5,335 shares of IG Group stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average price of GBX 937 ($11.40) per share, for a total transaction of £49,988.95 ($60,821.21). 4.44% of the stock is currently owned by insiders.

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.