IG Group (LON:IGG) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

IG Group (LON:IGG – Get Free Report) had its price objective hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 1,650 to GBX 1,750 in a research report issued on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 0.11% from the company’s current price.

Separately, Royal Bank Of Canada raised their target price on IG Group from GBX 1,600 to GBX 1,850 and gave the company an “outperform” rating in a research report on Wednesday. Seven 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 1,448.43.

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IG Group Stock Up 0.3%

IG Group stock opened at GBX 1,748 on Wednesday. The firm has a market capitalization of £5.79 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of -1.44 and a beta of 0.49. The firm’s fifty day moving average price is GBX 1,474.46 and its two-hundred day moving average price is GBX 1,331.75. IG Group has a 1-year low of GBX 1,016 and a 1-year high of GBX 1,781. The company has a current ratio of 3.43, a quick ratio of 2.40 and a debt-to-equity ratio of 30.81.

IG Group (LON:IGG – Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. On average, equities research analysts predict that IG Group will post 104.0295119 earnings per share for the current fiscal year.

IG Group declared that its board has authorized a share repurchase plan on Wednesday, April 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

IG Group Company Profile

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IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.

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