IG Group (LON:IGG) Insider Acquires 36,416 Shares

IG Group Holdings plc (LON:IGG) insider Andrew Barron purchased 36,416 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of GBX 1,372 per share, for a total transaction of £499,627.52.

IG Group Price Performance

Shares of LON IGG opened at GBX 1,375 on Tuesday. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.40 and a current ratio of 162.46. The firm has a fifty day moving average of GBX 1,757.17 and a 200 day moving average of GBX 1,566.33. The firm has a market cap of £4.54 billion, a PE ratio of 13.08, a PEG ratio of -1.44 and a beta of 0.50. IG Group Holdings plc has a one year low of GBX 1,016 and a one year high of GBX 1,956.

IG Group (LON:IGG) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a net margin of 30.26% and a return on equity of 19.99%. As a group, research analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IGG shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,850 target price on shares of IG Group in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,338.

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.