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

IG Group (LON:IGG)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, October 9th, MarketBeat reports. They presently have a GBX 1,250 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 26.65% from the company’s current price.

A number of other equities research analysts have also issued reports on IGG. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,850 target price on shares of IG Group in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,000 price objective on shares of IG Group in a research note on Friday, July 31st. Finally, Peel Hunt reissued a “hold” rating and set a GBX 1,100 price target 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 company’s stock. Based on data from MarketBeat.com, IG Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,550.

IG Group Trading Up 0.9%

LON IGG traded up GBX 8.50 during trading hours on Friday, hitting GBX 987. The company’s stock had a trading volume of 1,144,718 shares, compared to its average volume of 5,770,725. The stock has a fifty day moving average of GBX 1,270.74 and a 200 day moving average of GBX 1,534.51. The company has a quick ratio of 2.40, a current ratio of 162.46 and a debt-to-equity ratio of 31.85. IG Group has a twelve month low of GBX 930.50 and a twelve month high of GBX 1,956. The firm has a market capitalization of £3.25 billion, a P/E ratio of 9.39, a PEG ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share for the quarter. IG Group had a net margin of 35.20% and a return on equity of 24.84%. Equities research analysts forecast that IG Group will post 104.03 earnings per share for the current fiscal year.

Insider Buying and Selling at IG Group

In other IG Group news, insider Clifford Abrahams acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of GBX 1,331 per share, for a total transaction of £66,550. Also, insider Andrew Barron acquired 36,416 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of GBX 1,372 per share, with a total value of £499,627.52. Insiders have acquired a total of 43,613 shares of company stock worth $59,601,278 over the last 90 days. 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.