IG Group’s (IGG) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

IG Group (LON:IGG – Get Free Report)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 1,850 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 36.43% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on IGG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,000 price objective on shares of IG Group in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,250 target price on shares of IG Group in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,338.

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IG Group Price Performance

Shares of IG Group stock opened at GBX 1,356 on Friday. The firm has a market capitalization of £4.47 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. The company has a current ratio of 162.46, a quick ratio of 2.40 and a debt-to-equity ratio of 31.85. IG Group has a 12 month low of GBX 1,016 and a 12 month high of GBX 1,956. The business’s 50-day moving average price is GBX 1,729.03 and its 200-day moving average price is GBX 1,566.40.

IG Group (LON:IGG – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported GBX 68.90 earnings per share for the quarter. IG Group had a return on equity of 19.99% and a net margin of 30.26%. Sell-side analysts forecast that IG Group will post 104.0295119 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Clifford Abrahams acquired 5,000 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average price of GBX 1,331 per share, for a total transaction of £66,550. Also, insider Helen Stevenson acquired 2,197 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of GBX 1,358 per share, with a total value of £29,835.26. Insiders have purchased a total of 43,613 shares of company stock worth $59,601,278 in the last ninety days. 1.18% of the stock is owned by insiders.

About IG Group

(Get Free Report)

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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