Insider Buying: IG Group (LON:IGG) Insider Acquires 5,000 Shares of Stock

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

IG Group Price Performance

IG Group stock opened at GBX 1,365 on Monday. The stock’s 50 day moving average is GBX 1,766.39 and its 200 day moving average is GBX 1,566.20. IG Group Holdings plc has a one year low of GBX 1,016 and a one year high of GBX 1,956. The firm has a market cap of £4.50 billion, a P/E ratio of 12.99, a P/E/G ratio of -1.44 and a beta of 0.53. The company has a debt-to-equity ratio of 31.85, a current ratio of 162.46 and a quick ratio of 2.40.

IG Group (LON:IGGGet Free Report) last issued its quarterly 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 30.26% and a return on equity of 19.99%. As a group, research analysts expect that IG Group Holdings plc will post 104.0295119 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on IGG

IG Group Company Profile

(Get Free Report)

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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