IG Group (LON:IGG) Insider Purchases £66,550 in Stock

IG Group Holdings plc (LON:IGG) insider Clifford Abrahams bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of GBX 1,331 per share, for a total transaction of £66,550.

IG Group Price Performance

Shares of LON IGG opened at GBX 1,365 on Monday. The firm has a market capitalization of £4.50 billion, a P/E ratio of 12.99, a P/E/G ratio of -1.44 and a beta of 0.53. The company has a quick ratio of 2.40, a current ratio of 162.46 and a debt-to-equity ratio of 31.85. The stock’s 50-day simple moving average is GBX 1,766.39 and its two-hundred day simple moving average is GBX 1,566.20. IG Group Holdings plc has a twelve month low of GBX 1,016 and a twelve month 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 EPS for the quarter. IG Group had a net margin of 30.26% and a return on equity of 19.99%. As a group, equities analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 target price on shares of IG Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,000 price target on shares of IG Group in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,850 price objective on shares of IG Group in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,338.

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.