Shore Capital Reiterates "Buy" Rating for IG Group (LON:IGG)

Shore Capital restated their buy rating on shares of IG Group (LON:IGG - Free Report) in a research report report published on Thursday morning,Digital Look reports.

IG Group Stock Performance

LON:IGG traded down GBX 2.26 ($0.03) during midday trading on Thursday, hitting GBX 946 ($12.29). The company's stock had a trading volume of 593,427 shares, compared to its average volume of 3,169,068. IG Group has a fifty-two week low of GBX 712 ($9.25) and a fifty-two week high of GBX 1,106 ($14.37). 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 has a market cap of £3.35 billion, a P/E ratio of 6.31, a P/E/G ratio of -1.44 and a beta of 0.55. The firm's 50 day moving average is GBX 985.26 and its 200-day moving average is GBX 958.76.

IG Group (LON:IGG - Get Free Report) 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 net margin of 58.42% and a return on equity of 30.53%. Equities analysts anticipate that IG Group will post 104.0295119 earnings per share for the current fiscal year.

IG Group Cuts Dividend

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

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Insider Buying and Selling

In other news, insider Clifford Abrahams acquired 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of GBX 1,013 ($13.16) per share, for a total transaction of £50,650 ($65,787.76). 4.44% of the stock is owned by corporate 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.