IG Group’s (IGG) Buy Rating Reaffirmed at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Monday, Marketbeat reports. They presently have a GBX 1,200 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 24.42% from the stock’s previous close.

Several other research firms also recently commented on IGG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,000 target price on shares of IG Group in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,850 price target on shares of IG Group in a research report on Friday, August 14th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 1,100 price target on shares of IG Group in a research report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, IG Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,537.50.

IG Group Price Performance

LON:IGG traded up GBX 33.50 during mid-day trading on Monday, hitting GBX 964.50. The company’s stock had a trading volume of 1,241,801 shares, compared to its average volume of 5,677,940. IG Group has a fifty-two week low of GBX 919 and a fifty-two week high of GBX 1,956. 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 company has a market capitalization of £3.18 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of -1.44 and a beta of 0.50. The stock has a fifty day moving average of GBX 1,238.22 and a 200-day moving average of GBX 1,520.87.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share for the quarter. IG Group had a return on equity of 18.89% and a net margin of 27.12%. As a group, equities analysts forecast that IG Group will post 104.03 EPS for the current fiscal year.

Insider Buying and Selling at IG Group

In other news, insider Andrew Barron acquired 36,416 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of GBX 1,372 per share, with a total value of £499,627.52. Also, insider Clifford Abrahams acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of GBX 1,331 per share, with a total value of £66,550. Insiders have bought a total of 43,613 shares of company stock worth $59,601,278 over the last ninety days. Corporate 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.