IG Group (LON:IGG – Get Free Report)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a report released on Monday, MarketBeat Ratings reports. They presently have a GBX 1,200 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 29.10% from the company’s previous close.
IGG has been the subject of a number of other research reports. Peel Hunt reiterated a “hold” rating and set a GBX 1,100 price target on shares of IG Group in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,000 price objective on shares of IG Group in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,850 price objective on shares of IG Group in a research report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,537.50.
Check Out Our Latest Research Report on IG Group
IG Group Stock Performance
Shares of IG Group stock traded down GBX 8 during trading on Monday, hitting GBX 929.50. 567,900 shares of the stock were exchanged, compared to its average volume of 5,696,803. The stock has a market capitalization of £3.06 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. The company has a fifty day moving average price of GBX 1,246.68 and a 200-day moving average price of GBX 1,524.44. IG Group has a 1-year low of GBX 925.50 and a 1-year high of GBX 1,956. 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 (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%. As a group, equities analysts predict that IG Group will post 104.03 EPS for the current fiscal year.
Insider Buying and Selling at IG Group
In related news, insider Helen Stevenson bought 2,197 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of GBX 1,358 per share, for a total transaction of £29,835.26. Also, insider Andrew Barron bought 36,416 shares of IG Group stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of GBX 1,372 per share, with a total value of £499,627.52. Insiders have purchased a total of 43,613 shares of company stock worth $59,601,278 over the last ninety days. Insiders own 1.20% of the company’s stock.
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.
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