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

Jefferies Financial Group reissued their buy rating on shares of IG Group (LON:IGG) in a research report report published on Monday, Marketbeat.com reports. They currently have a GBX 1,200 price objective on the stock.

Several other equities research analysts have also commented on IGG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,000 target price on shares of IG Group in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,850 target price on shares of IG Group in a report on Friday, August 14th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 1,100 price target on shares of IG Group in a research note on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, IG Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,537.50.

IG Group Stock Performance

Shares of IG Group stock opened at GBX 965.50 on Monday. The company has a current ratio of 162.46, a quick ratio of 2.40 and a debt-to-equity ratio of 31.85. The business has a 50-day moving average price of GBX 1,255.73 and a two-hundred day moving average price of GBX 1,528.07. IG Group has a 1-year low of GBX 930.50 and a 1-year high of GBX 1,956. The company has a market cap of £3.18 billion, a P/E ratio of 9.19, a PEG ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share for the quarter. IG Group had a return on equity of 18.89% and a net margin of 27.12%. As a group, analysts anticipate that IG Group will post 104.03 EPS for the current year.

Insider Buying and Selling at IG Group

In related news, insider Helen Stevenson acquired 2,197 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of GBX 1,358 per share, for a total transaction of £29,835.26. Also, insider Andrew Barron acquired 36,416 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of GBX 1,372 per share, for a total transaction of £499,627.52. Over the last ninety days, insiders purchased 43,613 shares of company stock valued at $59,601,278. Corporate 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.