IG Group’s (IGG) Buy Rating Reaffirmed at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued on Friday, MarketBeat Ratings reports. They presently have a GBX 1,250 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 26.07% from the stock’s current price.

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

IG Group Stock Down 0.4%

Shares of IGG opened at GBX 991.50 on Friday. IG Group has a one year low of GBX 930.50 and a one year high of GBX 1,956. The company has a market cap of £3.27 billion, a P/E ratio of 9.43, a P/E/G ratio of -1.44 and a beta of 0.50. The company has a debt-to-equity ratio of 31.85, a current ratio of 162.46 and a quick ratio of 2.40. The firm has a 50 day simple moving average of GBX 1,301.56 and a two-hundred day simple moving average of GBX 1,547.87.

IG Group (LON:IGG) last issued its earnings results 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%. Research analysts forecast that IG Group will post 104.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrew Barron purchased 36,416 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of GBX 1,372 per share, for a total transaction of £499,627.52. Also, insider Clifford Abrahams acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of GBX 1,331 per share, for a total transaction of £66,550. In the last ninety days, insiders bought 43,613 shares of company stock worth $59,601,278. Insiders own 1.20% of the company’s stock.

About IG Group

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.