IG Group (LON:IGG) Given “Buy” Rating at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a report issued on Friday, Marketbeat reports. They currently have a GBX 1,250 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 25.88% from the company’s current price.

IGG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a research note on Friday, July 31st. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,100 price objective on shares of IG Group in a report on Friday, October 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,850 price target on shares of IG Group in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,550.

IG Group Stock Performance

LON IGG opened at GBX 993 on Friday. The business has a 50-day moving average price of GBX 1,301.56 and a 200-day moving average price of GBX 1,547.87. The firm has a market cap of £3.27 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. IG Group has a twelve month low of GBX 930.50 and a twelve month 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.

IG Group (LON:IGG) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share for the quarter. IG Group had a return on equity of 19.99% and a net margin of 30.26%. As a group, equities research analysts predict that IG Group will post 104.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Helen Stevenson bought 2,197 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Clifford Abrahams purchased 5,000 shares of IG Group stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of GBX 1,331 per share, for a total transaction of £66,550. In the last ninety days, insiders have purchased 43,613 shares of company stock worth $59,601,278. Corporate 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.