IG Group (LON:IGG) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a GBX 1,200 target price on the stock. Jefferies Financial Group’s price target indicates a potential upside of 27.38% from the stock’s current price.

IGG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,000 target price on shares of IG Group in a research report on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 price target on shares of IG Group in a research note on Friday, August 14th. Finally, Peel Hunt restated a “hold” rating and set a GBX 1,100 price target on shares of IG Group in a research report on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, IG Group currently has an average rating of “Moderate Buy” and an average target price of GBX 1,537.50.

IG Group Price Performance

IG Group stock opened at GBX 942.10 on Monday. The company’s 50 day simple moving average is GBX 1,238.22 and its 200-day simple moving average is GBX 1,520.87. The company has a market capitalization of £3.11 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. IG Group has a 1 year low of GBX 919 and a 1 year high of GBX 1,956. 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 (LON:IGG) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a net margin of 27.12% and a return on equity of 18.89%. As a group, equities research analysts expect that IG Group will post 104.03 earnings per share for the current year.

Insiders Place Their Bets

In other IG Group news, insider Andrew Barron purchased 36,416 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of GBX 1,372 per share, for a total transaction of £499,627.52. Also, insider Clifford Abrahams purchased 5,000 shares of IG Group stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of GBX 1,331 per share, for a total transaction of £66,550. Insiders have acquired 43,613 shares of company stock worth $59,601,278 over the last three months. Company insiders own 1.20% of the company’s stock.

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.