IG Group’s (IGG) Buy Rating Reaffirmed at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report issued on Friday, Marketbeat.com reports. They presently have a GBX 1,250 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 25.63% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,000 target price on shares of IG Group in a research note on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,850 price target on shares of IG Group in a report on Friday, August 14th. Finally, Peel Hunt restated a “hold” rating and set a GBX 1,100 price objective on shares of IG Group in a research report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, IG Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,550.

IG Group Price Performance

LON IGG traded up GBX 32 on Friday, hitting GBX 995. The stock had a trading volume of 5,056,188 shares, compared to its average volume of 5,882,138. The firm has a 50-day moving average of GBX 1,310.86 and a 200-day moving average of GBX 1,550.94. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.40 and a current ratio of 162.46. IG Group has a 52-week low of GBX 930.50 and a 52-week high of GBX 1,956. The company has a market capitalization of £3.28 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG) last issued its quarterly 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 19.99% and a net margin of 30.26%. Equities analysts expect that IG Group will post 104.0295119 EPS for the current year.

Insiders Place Their Bets

In other IG Group news, insider Andrew Barron purchased 36,416 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of GBX 1,372 per share, for a total transaction of £499,627.52. Also, insider Clifford Abrahams acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of GBX 1,331 per share, for a total transaction of £66,550. Insiders acquired 43,613 shares of company stock valued at $59,601,278 over the last three months. 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.