IG Group (IGG) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of IG Group (LON:IGG) in a report published on Tuesday morning. The firm issued an outperform rating and a GBX 720 ($9.41) target price on the stock.

Other equities research analysts have also issued research reports about the company. Shore Capital reiterated a buy rating on shares of IG Group in a research report on Tuesday, January 22nd. Peel Hunt reiterated a buy rating on shares of IG Group in a research report on Tuesday, January 22nd. Numis Securities restated a buy rating and set a GBX 980 ($12.81) target price on shares of IG Group in a research report on Tuesday, October 30th. Liberum Capital restated a hold rating and set a GBX 693 ($9.06) target price on shares of IG Group in a research report on Monday, January 28th. Finally, Barclays restated an overweight rating and set a GBX 1,000 ($13.07) target price on shares of IG Group in a research report on Wednesday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. IG Group currently has a consensus rating of Buy and an average price target of GBX 812 ($10.61).

Get IG Group alerts:

LON IGG opened at GBX 578 ($7.55) on Tuesday. IG Group has a 12 month low of GBX 487.82 ($6.37) and a 12 month high of GBX 837.50 ($10.94).

IG Group (LON:IGG) last released its quarterly earnings results on Tuesday, January 22nd. The company reported GBX 24.90 ($0.33) EPS for the quarter.

The firm also recently announced a dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, January 31st were given a dividend of GBX 12.96 ($0.17) per share. The ex-dividend date was Thursday, January 31st. This represents a dividend yield of 2.02%.

In other IG Group news, insider June Felix bought 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were bought at an average price of GBX 586 ($7.66) per share, for a total transaction of £99,620 ($130,171.17).

About IG Group

IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.

Recommended Story: Price to Earnings Ratio (PE)