Analysts Set IG Group Holdings plc (LON:IGG) Target Price at GBX 1,470.67

Shares of IG Group Holdings plc (LON:IGG) have earned an average recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,309.14.

IGG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on IG Group from GBX 1,225 to GBX 1,350 and gave the company a “buy” rating in a report on Friday, August 8th. Peel Hunt reissued a “buy” rating and issued a GBX 340 price objective on shares of IG Group in a report on Thursday. Shore Capital reaffirmed a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a report on Thursday, September 25th. Royal Bank Of Canada increased their price target on IG Group from GBX 1,150 to GBX 1,275 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Finally, 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, September 26th.

Insider Buying and Selling

In other IG Group news, insider Clifford Abrahams purchased 5,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was bought at an average price of GBX 1,072 per share, for a total transaction of £53,600. Also, insider Wu Gang purchased 5,576 shares of the stock in a transaction on Monday, October 6th. The stock was acquired at an average price of GBX 1,071 per share, with a total value of £59,718.96. In the last quarter, insiders purchased 85,576 shares of company stock worth $91,889,391. 1.13% of the stock is owned by corporate insiders.

IG Group Stock Performance

Shares of IG Group stock opened at GBX 1,063 on Monday. The firm has a market capitalization of £3.68 billion, a P/E ratio of 1,011.42, a P/E/G ratio of -1.44 and a beta of 0.55. IG Group has a 52 week low of GBX 860 and a 52 week high of GBX 1,165. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04. The firm’s 50 day moving average is GBX 1,109.88 and its two-hundred day moving average is GBX 1,082.36.

IG Group (LON:IGG) last posted its quarterly earnings data on Thursday, July 24th. The company reported GBX 114.10 earnings per share for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. Research analysts forecast that IG Group will post 104.0295119 EPS for the current fiscal year.

IG Group announced that its board has approved a share repurchase program on Thursday, September 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.