IG Group’s (IGG) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

IG Group (LON:IGG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Friday,Digital Look reports. They presently have a GBX 2,000 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 29.87% from the stock’s previous close.

IGG has been the topic of several other research reports. Royal Bank Of Canada boosted their price target on IG Group from GBX 1,600 to GBX 1,850 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a report on Friday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,338.

IG Group Stock Down 9.7%

Shares of LON IGG opened at GBX 1,540 on Friday. The stock has a market capitalization of £5.09 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of -1.44 and a beta of 0.53. IG Group has a 52 week low of GBX 1,016 and a 52 week high of GBX 1,956. The firm has a 50-day moving average price of GBX 1,820.81 and a 200 day moving average price of GBX 1,564.17. The company has a quick ratio of 2.40, a current ratio of 215.53 and a debt-to-equity ratio of 31.16.

IG Group (LON:IGG) last issued 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 43.07% and a return on equity of 26.63%. Equities research analysts anticipate that IG Group will post 104.0295119 EPS for the current fiscal year.

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.