IG Group (LON:IGG) Given “Buy” Rating at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued on Friday, London Stock Exchange reports. They presently have a GBX 1,250 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 27.75% from the company’s current price.

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

IG Group Stock Performance

LON IGG opened at GBX 978.50 on Friday. IG Group has a 52-week low of GBX 930.50 and a 52-week high of GBX 1,956. The company has a 50-day simple moving average of GBX 1,310.86 and a 200 day simple 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. The company has a market capitalization of £3.23 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50.

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

Insider Buying and Selling

In other IG Group news, insider Helen Stevenson bought 2,197 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Andrew Barron bought 36,416 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of GBX 1,372 per share, for a total transaction of £499,627.52. In the last ninety days, insiders acquired 43,613 shares of company stock valued at $59,601,278. Company insiders own 1.20% of the company’s stock.

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.