IG Group (LON:IGG) Stock Keeps “Buy” Rating at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a GBX 1,200 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 28.89% from the stock’s previous close.

IGG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a research note on Friday, July 31st. Peel Hunt reissued a “hold” rating and issued a GBX 1,100 price objective on shares of IG Group in a report on Friday, October 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,850 price objective 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,537.50.

IG Group Price Performance

Shares of LON IGG opened at GBX 931 on Monday. 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 stock has a fifty day simple moving average of GBX 1,238.22 and a two-hundred day simple moving average of GBX 1,520.87. IG Group has a 1-year low of GBX 925 and a 1-year high of GBX 1,956. The firm has a market cap of £3.07 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG) last issued its earnings results on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a return on equity of 18.89% and a net margin of 27.12%. Analysts anticipate that IG Group will post 104.03 earnings per share for the current year.

Insider Buying and Selling

In other IG Group news, insider Helen Stevenson acquired 2,197 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Andrew Barron acquired 36,416 shares of IG Group stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of GBX 1,372 per share, with a total value of £499,627.52. In the last ninety days, insiders acquired 43,613 shares of company stock valued at $59,601,278. Company 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.