IG Group (LON:IGG) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

by · The Cerbat Gem

IG Group (LON:IGG – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 1,250 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 25.38% from the company’s current price.

A number of other research analysts also recently weighed in on IGG. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,850 price target on shares of IG Group in a research note on Friday, August 14th. Peel Hunt reiterated a “hold” rating and issued a GBX 1,100 price objective on shares of IG Group in a report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,000 target price on shares of IG Group in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,550.

Get Our Latest Research Report on IG Group

IG Group Trading Up 0.2%

Shares of LON IGG opened at GBX 997 on Friday. The company’s 50 day simple moving average is GBX 1,301.56 and its 200 day simple moving average is GBX 1,547.87. IG Group has a fifty-two week low of GBX 930.50 and a fifty-two week high of GBX 1,956. The firm has a market capitalization of £3.29 billion, a P/E ratio of 9.49, a P/E/G ratio of -1.44 and a beta of 0.50. The company has a debt-to-equity ratio of 31.85, a current ratio of 162.46 and a quick ratio of 2.40.

IG Group (LON:IGG – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a net margin of 30.26% and a return on equity of 19.99%. On average, analysts predict that IG Group will post 104.03 EPS for the current year.

Insider Activity at IG Group

In other news, insider Helen Stevenson bought 2,197 shares of the stock in a transaction on Monday, August 10th. The stock was purchased at an average price of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Clifford Abrahams bought 5,000 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of GBX 1,331 per share, with a total value of £66,550. Over the last 90 days, insiders bought 43,613 shares of company stock worth $59,601,278. 1.20% of the stock is currently owned by company insiders.

About IG Group

(Get Free Report)

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.

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