IG Group (LON:IGG) Stock Keeps Buy Rating at Jefferies Financial Group

IG Group (LON:IGG)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, London Stock Exchange reports. They presently have a GBX 1,250 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 28.14% from the company’s previous close.

A number of other research analysts have also weighed in on IGG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,000 target price on shares of IG Group in a report 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 reaffirmed a “hold” rating and set a GBX 1,100 price objective on shares of IG Group in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,550.

IG Group Price Performance

IGG opened at GBX 975.46 on Friday. The company has a market capitalization of £3.22 billion, a price-to-earnings ratio of 9.28, a PEG ratio of -1.44 and a beta of 0.50. 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 firm has a 50-day moving average price of GBX 1,310.86 and a 200-day moving average price of GBX 1,550.94. IG Group has a twelve month low of GBX 930.50 and a twelve month high of GBX 1,956.

IG Group (LON:IGG) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 68.90 earnings per share 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.

Insider Buying and Selling

In other IG Group news, insider Andrew Barron bought 36,416 shares of the firm’s 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. Also, insider Helen Stevenson purchased 2,197 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of GBX 1,358 per share, for a total transaction of £29,835.26. Insiders acquired a total of 43,613 shares of company stock worth $59,601,278 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

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.