IG Group (LON:IGG) Insider Acquires £499,627.52 in Stock

IG Group Holdings plc (LON:IGG) insider Andrew Barron acquired 36,416 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of GBX 1,372 per share, with a total value of £499,627.52.

IG Group Stock Down 1.6%

IGG stock opened at GBX 1,332 on Friday. 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 Holdings plc has a 1-year low of GBX 1,016 and a 1-year high of GBX 1,956. The firm has a fifty day moving average price of GBX 1,729.03 and a two-hundred day moving average price of GBX 1,566.40. The firm has a market cap of £4.39 billion, a price-to-earnings ratio of 12.67, a PEG ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG) last posted its quarterly earnings results 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%. Research analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current year.

Analysts Set New Price Targets

IGG has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,850 target price on shares of IG Group in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,250 target price on shares of IG Group in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,000 price target on shares of IG Group in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,338.

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.