IG Group (LON:IGG – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report released on Monday, Marketbeat Ratings reports. They currently have a GBX 1,200 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 28.89% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,100 price target on shares of IG Group in a research report on Friday, October 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,850 price objective on shares of IG Group in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,000 price objective on shares of IG Group in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,537.50.
Get Our Latest Analysis on IGG
IG Group Stock Down 0.7%
LON:IGG traded down GBX 6.50 during mid-day trading on Monday, reaching GBX 931. The company’s stock had a trading volume of 1,155,947 shares, compared to its average volume of 5,699,686. IG Group has a 1 year low of GBX 925 and a 1 year high of GBX 1,956. The stock has a fifty day moving average of GBX 1,246.68 and a 200-day moving average of GBX 1,524.44. The firm has a market capitalization of £3.07 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. The company has a quick ratio of 2.40, a current ratio of 162.46 and a debt-to-equity ratio of 31.85.
IG Group (LON:IGG – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a net margin of 27.12% and a return on equity of 18.89%. Equities research analysts forecast that IG Group will post 104.03 earnings per share for the current year.
Insider Activity at IG Group
In related news, insider Helen Stevenson acquired 2,197 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Clifford Abrahams bought 5,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of GBX 1,331 per share, for a total transaction of £66,550. Insiders have purchased a total of 43,613 shares of company stock valued at $59,601,278 over the last quarter. 1.20% of the stock is owned by corporate insiders.
IG Group Company Profile
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.
Recommended Stories
- Five stocks we like better than IG Group
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for IG Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Group and related companies with MarketBeat.com's FREE daily email newsletter.
