IG Group (LON:IGG) Insider Acquires 2,197 Shares of Stock

IG Group Holdings plc (LON:IGG) insider Helen Stevenson purchased 2,197 shares of IG Group stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of GBX 1,358 per share, for a total transaction of £29,835.26.

IG Group Trading Up 1.9%

IG Group stock traded up GBX 25.97 during mid-day trading on Tuesday, hitting GBX 1,385.97. The company’s stock had a trading volume of 3,722,112 shares, compared to its average volume of 6,463,246. The stock’s fifty day moving average is GBX 1,757.17 and its two-hundred day moving average is GBX 1,566.33. The company has a current ratio of 162.46, a quick ratio of 2.40 and a debt-to-equity ratio of 31.85. The firm has a market capitalization of £4.57 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. IG Group Holdings plc has a 1 year low of GBX 1,016 and a 1 year high of GBX 1,956.

IG Group (LON:IGG) last posted 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%. On average, analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on IGG. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,850 target price on shares of IG Group in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated 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, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 1,338.

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.