IG Group (LON:IGG) Earns “Buy” Rating from Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued on Friday, MarketBeat Ratings reports. They presently have a GBX 1,250 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 25.63% from the company’s previous close.

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

IG Group Stock Performance

IGG stock opened at GBX 995 on Friday. The company has a market capitalization of £3.28 billion, a P/E ratio of 9.47, a PEG ratio of -1.44 and a beta of 0.50. The company has a 50-day simple moving average of GBX 1,301.56 and a 200 day simple moving average of GBX 1,547.87. IG Group has a fifty-two week low of GBX 930.50 and a fifty-two week 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 announced its 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%. Sell-side analysts predict that IG Group will post 104.03 earnings per share for the current fiscal year.

Insider Buying and Selling at IG Group

In other IG Group news, insider Andrew Barron acquired 36,416 shares of the stock in a transaction dated Monday, August 10th. The shares were bought at an average price of GBX 1,372 per share, with a total value of £499,627.52. Also, insider Helen Stevenson acquired 2,197 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of GBX 1,358 per share, for a total transaction of £29,835.26. In the last three months, insiders acquired 43,613 shares of company stock valued at $59,601,278. 1.20% of the stock is owned by insiders.

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.