Canaccord Genuity Group Increases IG Group (LON:IGG) Price Target to GBX 1,099

IG Group (LON:IGG) had its price target lifted by Canaccord Genuity Group from GBX 782 ($10.52) to GBX 1,099 ($14.79) in a research note published on Friday, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

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

IG Group Stock Up 0.4%

Shares of LON IGG opened at GBX 1,123.99 ($15.12) on Friday. IG Group has a one year low of GBX 776.50 ($10.45) and a one year high of GBX 1,148 ($15.45). The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The firm’s 50 day simple moving average is GBX 1,040.80 and its two-hundred day simple moving average is GBX 997.22. The stock 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 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.