Jefferies Financial Group Reaffirms Buy Rating for IG Group (LON:IGG)

IG Group (LON:IGG)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a report released on Monday, MarketBeat.com reports. They currently have a GBX 1,200 price objective on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 27.74% from the stock’s current price.

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

IG Group Stock Performance

Shares of LON:IGG traded down GBX 25.07 during trading on Monday, reaching GBX 939.43. The company had a trading volume of 139,124,844 shares, compared to its average volume of 6,325,752. The firm has a market capitalization of £3.10 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of -1.44 and a beta of 0.47. The company has a debt-to-equity ratio of 31.85, a current ratio of 162.46 and a quick ratio of 2.40. The stock’s fifty day moving average price is GBX 1,222.39 and its 200 day moving average price is GBX 1,513.49. IG Group has a fifty-two week low of GBX 919 and a fifty-two week high of GBX 1,956.

IG Group (LON:IGG) last issued its quarterly earnings results 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 research analysts predict that IG Group will post 104.03 EPS for the current year.

Insider Buying and Selling

In other IG Group news, insider Helen Stevenson acquired 2,197 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Andrew Barron bought 36,416 shares of the company’s stock in a transaction on Monday, August 10th. The shares were acquired at an average price of GBX 1,372 per share, with a total value of £499,627.52. Insiders have acquired 43,613 shares of company stock worth $59,601,278 in the last three months. Corporate insiders own 1.20% of the company’s stock.

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.