IG Group (LON:IGG) Earns “Buy” Rating from Shore Capital

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

IG Group Trading Up 1.9 %

Shares of LON:IGG traded up GBX 19.89 ($0.24) during midday trading on Thursday, reaching GBX 1,042.89 ($12.76). The company’s stock had a trading volume of 1,215,883 shares, compared to its average volume of 1,300,704. The firm has a market cap of £3.75 billion, a price-to-earnings ratio of 1,337.04, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The business has a 50 day moving average price of GBX 962.91 and a 200 day moving average price of GBX 933.40. IG Group has a 1 year low of GBX 671 ($8.21) and a 1 year high of GBX 1,049 ($12.84). 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 Activity

In related news, insider Marieke Flament bought 5,335 shares of the 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, for a total transaction of £49,988.95 ($61,185.99). Corporate insiders own 4.44% of the company’s stock.

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.