Insider Buying: IG Group (LON:IGG) Insider Buys £144,460.70 in Stock

IG Group Holdings plc (LON:IGG) insider Breon Corcoran purchased 13,501 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was purchased at an average price of GBX 1,070 per share, with a total value of £144,460.70.

Breon Corcoran also recently made the following trade(s):

• On Wednesday, October 1st, Breon Corcoran purchased 61,499 shares of IG Group stock. The stock was purchased at an average price of GBX 1,075 per share, with a total value of £661,114.25.

IG Group Stock Performance

Shares of IGG stock opened at GBX 1,071 on Friday. The stock has a market cap of £3.73 billion, a P/E ratio of 1,019.03, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The company has a fifty day moving average price of GBX 1,120.49 and a two-hundred day moving average price of GBX 1,074.15. IG Group Holdings plc has a one year low of GBX 860 and a one year high of GBX 1,165.

IG Group (LON:IGG) last announced its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 EPS for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. As a group, equities analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group announced that its Board of Directors has approved a share repurchase plan on Thursday, September 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

IGG has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of IG Group from GBX 1,225 to GBX 1,350 and gave the company a “buy” rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their target price on shares of IG Group from GBX 1,150 to GBX 1,275 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Finally, Shore Capital restated a “buy” rating and set a GBX 1,250 target price on shares of IG Group in a research note on Thursday, September 25th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,470.67.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.