IG Group (LON:IGG) Sets New 12-Month High – Time to Buy?

Shares of IG Group Holdings plc (LON:IGG) hit a new 52-week high on Monday . The stock traded as high as GBX 1,559 and last traded at GBX 1,558.50, with a volume of 9375221 shares trading hands. The stock had previously closed at GBX 1,533.

IG Group Stock Performance

The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81. The company has a market cap of £5.78 billion, a P/E ratio of 16.62, a P/E/G ratio of -1.44 and a beta of 0.49. The business has a fifty day moving average of GBX 1,474.46 and a 200 day moving average of GBX 1,331.75.

IG Group (LON:IGG) last announced its earnings results on Thursday, March 19th. The company reported GBX 196.66 EPS for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. On average, equities analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.