IG Group Holdings plc (LON:IGG) Insider Purchases £67,900 in Stock

IG Group Holdings plc (LON:IGGGet Free Report) insider Robert Michael McTighe bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of GBX 679 ($8.51) per share, for a total transaction of £67,900 ($85,119.72).

IG Group Stock Up 2.2 %

Shares of LON IGG opened at GBX 687 ($8.61) on Monday. The firm has a market cap of £2.61 billion, a price-to-earnings ratio of 928.38, a PEG ratio of -1.44 and a beta of 0.51. The company has a quick ratio of 2.40, a current ratio of 2.25 and a debt-to-equity ratio of 17.18. IG Group Holdings plc has a 52-week low of GBX 600.50 ($7.53) and a 52-week high of GBX 828 ($10.38). The business’s 50 day moving average is GBX 738.82 and its two-hundred day moving average is GBX 689.11.

IG Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 1st will be given a GBX 13.56 ($0.17) dividend. This represents a yield of 1.75%. The ex-dividend date of this dividend is Thursday, February 1st. IG Group’s payout ratio is 6,216.22%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, January 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 ($12.54) price target on shares of IG Group in a research report on Wednesday, November 15th. Finally, Canaccord Genuity Group lifted their price target on shares of IG Group from GBX 801 ($10.04) to GBX 859 ($10.77) and gave the company a “buy” rating in a research report on Thursday, November 2nd.

Read Our Latest Report on IG Group

IG Group Company Profile

(Get Free Report)

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.

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