IG Group (LON:IGG) Rating Reiterated by Deutsche Bank Aktiengesellschaft

IG Group (LON:IGG)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 1,065 ($13.60) price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 11.46% from the company’s current price.

IGG has been the subject of several other research reports. Shore Capital reiterated a “buy” rating on shares of IG Group in a research note on Thursday, July 25th. Royal Bank of Canada boosted their price objective on IG Group from GBX 1,000 ($12.77) to GBX 1,100 ($14.04) and gave the company an “outperform” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 985.40 ($12.58).

IG Group Stock Up 2.7 %

Shares of IGG stock traded up GBX 25 ($0.32) on Wednesday, hitting GBX 955.50 ($12.20). The company’s stock had a trading volume of 1,269,817 shares, compared to its average volume of 1,236,123. IG Group has a fifty-two week low of GBX 600.50 ($7.67) and a fifty-two week high of GBX 955.50 ($12.20). The firm’s fifty day moving average price is GBX 851.89 and its 200-day moving average price is GBX 775.83. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40. The stock has a market capitalization of £3.52 billion, a price-to-earnings ratio of 1,225.00, a P/E/G ratio of -1.44 and a beta of 0.57.

Insider Activity at IG Group

In related news, insider Charlie Rozes sold 23,088 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of GBX 910 ($11.62), for a total value of £210,100.80 ($268,259.45). 5.66% of the stock is owned by insiders.

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.