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

IG Group (LON:IGG)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a report released on Friday,Digital Look reports. They presently have a GBX 1,250 target price on the stock. Jefferies Financial Group’s price objective points to a potential downside of 18.83% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on IG Group from GBX 1,650 to GBX 1,750 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada upped their price target on IG Group from GBX 1,600 to GBX 1,850 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,338.

IG Group Stock Performance

Shares of IGG stock opened at GBX 1,540 on Friday. The company has a current ratio of 215.53, a quick ratio of 2.40 and a debt-to-equity ratio of 31.16. The firm has a fifty 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 market cap of £5.09 billion, a P/E ratio of 14.65, a PEG ratio of -1.44 and a beta of 0.53. IG Group has a 12 month low of GBX 1,016 and a 12 month 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 return on equity of 26.63% and a net margin of 43.07%. Sell-side analysts predict that IG Group will post 104.0295119 earnings per share 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.