IG Group (LON:IGG) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of IG Group (LON:IGG) in a report published on Wednesday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a GBX 1,065 ($13.60) target price on the stock.

Other analysts have also issued reports about the company. Royal Bank of Canada lifted their price target on IG Group from GBX 1,000 ($12.77) to GBX 1,100 ($14.04) and gave the company an outperform rating in a research note on Thursday, August 1st. Shore Capital reaffirmed a buy rating on shares of IG Group in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of GBX 985.40 ($12.58).

IG Group Stock Performance

Shares of IGG stock opened at GBX 964.50 ($12.31) on Wednesday. The business’s 50-day moving average price is GBX 860.96 and its 200-day moving average price is GBX 780.71. IG Group has a 12 month low of GBX 600.50 ($7.67) and a 12 month high of GBX 970.50 ($12.39). The firm has a market capitalization of £3.56 billion, a price-to-earnings ratio of 1,236.54, a PEG ratio of -1.44 and a beta of 0.57. The company has a current ratio of 2.31, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04.

IG Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be paid a GBX 32.64 ($0.42) dividend. The ex-dividend date is Thursday, September 19th. This is a positive change from IG Group’s previous dividend of $13.56. This represents a yield of 3.86%. IG Group’s payout ratio is 5,897.44%.

Insider Buying and Selling at IG Group

In other IG Group news, insider Charlie Rozes sold 23,088 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of GBX 910 ($11.62), for a total value of £210,100.80 ($268,259.45). Insiders own 5.66% of the company’s stock.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders 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 negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.