IG Group (LON:IGG) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

IG Group (LON:IGG) had its target price hoisted by Canaccord Genuity Group from GBX 782 ($10.52) to GBX 1,099 ($14.79) in a report issued on Friday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential downside of 2.22% from the stock’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of IG Group in a report on Thursday, March 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,466 ($19.73).

IG Group Price Performance

IGG stock opened at GBX 1,123.99 ($15.12) on Friday. The company has a market capitalization of £3.98 billion, a P/E ratio of 7.50, a PEG ratio of -1.44 and a beta of 0.55. IG Group has a twelve month low of GBX 776.50 ($10.45) and a twelve month high of GBX 1,148 ($15.45). The business has a 50 day simple moving average of GBX 1,040.80 and a 200-day simple moving average of GBX 997.76. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04.

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.