Insider Buying: IG Group (LON:IGG) Insider Purchases £378,400 in Stock

IG Group Holdings plc (LON:IGG) insider Breon Corcoran acquired 40,000 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were bought at an average price of GBX 946 per share, with a total value of £378,400.

Breon Corcoran also recently made the following trade(s):

• On Friday, October 23rd, Breon Corcoran acquired 30,000 shares of IG Group stock. The stock was bought at an average price of GBX 945 per share, with a total value of £283,500.

IG Group Trading Up 0.7%

Shares of IGG stock traded up GBX 7 on Tuesday, reaching GBX 969. 5,943,009 shares of the stock were exchanged, compared to its average volume of 6,299,225. The company has a debt-to-equity ratio of 31.85, a current ratio of 162.46 and a quick ratio of 2.40. IG Group Holdings plc has a one year low of GBX 919 and a one year high of GBX 1,956. The stock has a market cap of £3.19 billion, a PE ratio of 9.22, a P/E/G ratio of -1.44 and a beta of 0.47. The stock has a 50 day moving average price of GBX 1,223.05 and a 200 day moving average price of GBX 1,462.41.

IG Group (LON:IGG) last released its earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a net margin of 27.12% and a return on equity of 18.89%. Equities research analysts forecast that IG Group Holdings plc will post 104.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,000 price objective on shares of IG Group in a report 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 research report on Friday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,200 target price on shares of IG Group in a report on Monday, October 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,850 target price on shares of IG Group in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,537.50.

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.