Insider Buying: IG Group (LON:IGG) Insider Purchases £66,550 in Stock

IG Group Holdings plc (LON:IGG – Get Free Report) insider Clifford Abrahams acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of GBX 1,331 per share, with a total value of £66,550.

IG Group Price Performance

LON IGG opened at GBX 1,354 on Thursday. The company has a market cap of £4.47 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. IG Group Holdings plc has a 52 week low of GBX 1,016 and a 52 week high of GBX 1,956. The company has a quick ratio of 2.40, a current ratio of 162.46 and a debt-to-equity ratio of 31.85. The firm’s 50-day simple moving average is GBX 1,739.25 and its two-hundred day simple moving average is GBX 1,566.60.

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

Analyst Ratings Changes

IGG has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,850 price objective on shares of IG Group in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,000 price objective on shares of IG Group in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,338.

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About IG Group

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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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