IG Group’s (IGG) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of IG Group (LON:IGG) in a research note published on Friday, Marketbeat.com reports. They currently have a GBX 1,250 price target on the stock.

Several other research analysts have also issued reports on the stock. Peel Hunt reiterated a “hold” rating and issued a GBX 1,100 target price on shares of IG Group in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a research report on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,850 price target on shares of IG Group in a research note 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 data from MarketBeat.com, IG Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,550.

IG Group Stock Performance

Shares of IGG opened at GBX 995 on Friday. The stock’s 50-day simple moving average is GBX 1,301.56 and its 200 day simple moving average is GBX 1,547.87. The stock has a market capitalization of £3.28 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.40 and a current ratio of 162.46. IG Group has a 52-week low of GBX 930.50 and a 52-week high of GBX 1,956.

IG Group (LON:IGG) last issued its earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS 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 related news, insider Andrew Barron purchased 36,416 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of GBX 1,372 per share, with a total value of £499,627.52. Also, insider Clifford Abrahams acquired 5,000 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price of GBX 1,331 per share, with a total value of £66,550. In the last 90 days, insiders have purchased 43,613 shares of company stock valued at $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.