IG Group (LON:IGG) Price Target Raised to GBX 1,750 at Deutsche Bank Aktiengesellschaft

IG Group (LON:IGG) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 1,650 to GBX 1,750 in a report released on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 0.11% from the company’s previous close.

Separately, Royal Bank Of Canada raised their price target on shares of IG Group from GBX 1,600 to GBX 1,850 and gave the company an “outperform” rating in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,448.43.

IG Group Trading Up 0.3%

Shares of IGG opened at GBX 1,748 on Wednesday. The company has a debt-to-equity ratio of 30.81, a quick ratio of 2.40 and a current ratio of 3.43. IG Group has a 52-week low of GBX 1,016 and a 52-week high of GBX 1,781. The firm has a market cap of £5.79 billion, a price-to-earnings ratio of 16.63, a PEG ratio of -1.44 and a beta of 0.49. The business’s fifty day moving average is GBX 1,474.46 and its 200-day moving average is GBX 1,331.75.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 earnings per share (EPS) for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. Equities analysts anticipate that IG Group will post 104.0295119 EPS for the current fiscal year.

IG Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.