IG Group (LON:IGG – Get Free Report)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 1,850 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 22.68% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,250 target price on shares of IG Group in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a report on Friday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,338.
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IG Group Stock Performance
IG Group (LON:IGG – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a return on equity of 26.63% and a net margin of 43.07%. As a group, research analysts expect that IG Group will post 104.0295119 earnings per share for the current fiscal year.
About IG Group
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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