IG Group (LON:IGG) Insider Clifford Abrahams Purchases 5,000 Shares

IG Group Holdings plc (LON:IGG) insider Clifford Abrahams purchased 5,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was purchased at an average cost of GBX 1,072 per share, for a total transaction of £53,600.

IG Group Stock Performance

Shares of LON:IGG opened at GBX 1,071 on Friday. 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 business’s 50 day moving average price is GBX 1,120.49 and its 200-day moving average price is GBX 1,074.15. The firm has a market capitalization of £3.73 billion, a PE ratio of 1,019.03, a P/E/G ratio of -1.44 and a beta of 0.55. IG Group Holdings plc has a 1 year low of GBX 860 and a 1 year high of GBX 1,165.

IG Group (LON:IGG) last issued its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 earnings per share (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 research analysts expect that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

IG Group announced that its Board of Directors has initiated a share buyback program on Thursday, September 4th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IGG. Royal Bank Of Canada boosted their price objective on IG Group from GBX 1,150 to GBX 1,275 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on IG Group from GBX 1,225 to GBX 1,350 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Shore Capital reissued a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research note on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,470.67.

IG Group Company Profile

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.