IG Group Holdings plc (LON:IGG) Given Average Recommendation of “Buy” by Analysts

IG Group Holdings plc (LON:IGG) has earned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,384.14.

Separately, Royal Bank Of Canada raised their price objective on shares of IG Group from GBX 1,600 to GBX 1,850 and gave the stock an “outperform” rating in a report on Wednesday.

IG Group Stock Performance

Shares of IGG opened at GBX 1,778 on Wednesday. The company has a debt-to-equity ratio of 30.81, a current ratio of 3.43 and a quick ratio of 2.40. IG Group has a one year low of GBX 1,016 and a one year high of GBX 1,781. The company has a 50-day simple moving average of GBX 1,474.46 and a two-hundred day simple moving average of GBX 1,331.75. The firm has a market capitalization of £5.88 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of -1.44 and a beta of 0.49.

IG Group (LON:IGG) last issued its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 EPS for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. On average, analysts anticipate that IG Group will post 104.0295119 EPS for the current fiscal year.

IG Group announced that its Board of Directors has approved a stock buyback program on Wednesday, April 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.