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

Shore Capital restated their buy rating on shares of IG Group (LON:IGG) in a research note issued to investors on Thursday morning,Digital Look reports.

IG Group Price Performance

IG Group stock opened at GBX 941.50 ($12.20) on Thursday. The stock has a market cap of £3.34 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. IG Group has a 1 year low of GBX 712 ($9.22) and a 1 year high of GBX 1,106 ($14.33). The firm has a 50-day moving average of GBX 987.23 and a two-hundred day moving average of GBX 959.50.

IG Group (LON:IGG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported GBX 55.30 ($0.72) EPS for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. On average, research analysts forecast that IG Group will post 104.0295119 earnings per share for the current year.

IG Group Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 30th were issued a dividend of GBX 13.86 ($0.18) per share. This represents a yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. IG Group’s dividend payout ratio (DPR) is presently 30.68%.

Insider Buying and Selling

In related news, insider Clifford Abrahams acquired 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were acquired at an average cost of GBX 1,013 ($13.12) per share, with a total value of £50,650 ($65,608.81). 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.