IG Group’s (IGG) Outperform Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of IG Group (LON:IGG) in a research report report published on Friday, Marketbeat Ratings reports. The brokerage currently has a GBX 1,850 price objective on the stock.

A number of other equities analysts have also commented on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,000 price objective on shares of IG Group in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,338.

IG Group Price Performance

LON IGG opened at GBX 1,363 on Friday. The business’s fifty day moving average is GBX 1,719.51 and its 200 day moving average is GBX 1,564.98. The company has a market capitalization of £4.50 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. 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 fifty-two week low of GBX 1,016 and a fifty-two week high of GBX 1,956.

IG Group (LON:IGG) last posted its quarterly 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%. Sell-side analysts predict that IG Group will post 104.0295119 earnings per share for the current year.

Insider Transactions at IG Group

In related news, insider Clifford Abrahams bought 5,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of GBX 1,331 per share, for a total transaction of £66,550. Also, insider Helen Stevenson bought 2,197 shares of IG Group stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of GBX 1,358 per share, for a total transaction of £29,835.26. Over the last ninety days, insiders have purchased 43,613 shares of company stock worth $59,601,278. Insiders own 1.18% 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.