Shore Capital Reaffirms “Buy” Rating for IG Group (LON:IGG)

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

IG Group Trading Up 1.4 %

LON IGG opened at GBX 951 ($12.30) on Thursday. The company has a market cap of £3.37 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of -1.44 and a beta of 0.55. IG Group has a 52 week low of GBX 712 ($9.21) and a 52 week high of GBX 1,106 ($14.31). The business has a 50 day moving average price of GBX 986.31 and a 200-day moving average price of GBX 959.14. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04.

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

IG Group Cuts Dividend

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

Insider Activity at IG Group

In related news, insider Clifford Abrahams bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of GBX 1,013 ($13.10) per share, with a total value of £50,650 ($65,515.46). 4.44% of the stock is owned by insiders.

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.