IG Group Stock Poised for 23% Gain, Royal Bank Of Canada Says

Financial technology company IG Group (LON:IGG) has had its stock's rating reaffirmed by Royal Bank Of Canada as 'outperform'. This means that analysts at the bank believe the company's stock will rise in value. The price target for IG Group is GBX 1,850, suggesting a potential upside of 22.68% from the company's previous close.

The rating and price target were announced on Friday by Royal Bank Of Canada. This is not the only positive assessment of IG Group's stock, as other research firms have also given it high ratings. In fact, five analysts have rated the stock with a 'buy' rating, according to data from MarketBeat.com.

The consensus rating for IG Group is therefore 'buy', and the average price target is GBX 1,338. This suggests that investors are generally optimistic about the company's prospects.