IG Group Holdings plc (LON:IGG – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,890 and last traded at GBX 1,885.54, with a volume of 5593520 shares. The stock had previously closed at GBX 1,844.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of IG Group from GBX 1,650 to GBX 1,750 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada increased their price objective on shares of IG Group from GBX 1,600 to GBX 1,850 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,288.
IG Group Stock Performance
IG Group (LON:IGG – Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a net margin of 43.07% and a return on equity of 26.63%. As a group, research analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.
IG Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, April 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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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