IG Group (LON:IGG) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of IG Group (LON:IGG) in a research report sent to investors on Friday,Digital Look reports. They currently have a GBX 2,000 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,250 target price on shares of IG Group in a report on Friday. Royal Bank Of Canada lifted their target price on IG Group from GBX 1,600 to GBX 1,850 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 1,338.

IG Group Trading Down 14.4%

IG Group stock opened at GBX 1,460 on Friday. The firm’s 50-day moving average is GBX 1,813.17 and its 200-day moving average is GBX 1,563.44. The company has a debt-to-equity ratio of 31.16, a quick ratio of 2.40 and a current ratio of 215.53. IG Group has a 1 year low of GBX 1,016 and a 1 year high of GBX 1,956. The company has a market cap of £4.82 billion, a P/E ratio of 13.89, a PEG ratio of -1.44 and a beta of 0.53.

IG Group (LON:IGG) last posted its quarterly earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a net margin of 43.07% and a return on equity of 26.63%. On average, equities analysts expect that IG Group will post 104.0295119 earnings per share for the current year.

Key Headlines Impacting IG Group

Here are the key news stories impacting IG Group this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a GBX 1,850 price target, indicating expected upside from current levels. Digital Look broker ratings
• Positive Sentiment: Deutsche Bank maintained its “buy” rating with a GBX 2,000 target, while Jefferies also retained a “buy” recommendation. These endorsements suggest some analysts remain confident in IG Group’s long-term outlook. Broker ratings
• Neutral Sentiment: IG Group reported quarterly earnings of GBX 68.90 per share, alongside a 43.07% net margin and 26.63% return on equity. However, the available report does not provide enough detail to determine whether results exceeded market expectations. IG Group earnings report
• Negative Sentiment: IG Group plans to acquire U.S. prediction-market operator Underdog in a deal valued at approximately $1.1 billion to $1.3 billion. The transaction offers access to a rapidly growing market but raises concerns about the purchase price, funding, regulatory approval and integration execution. IG Group Underdog acquisition

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.