IG Group’s (IGG) “Hold” Rating Reiterated at Peel Hunt

IG Group (LON:IGG)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a report issued on Friday, October 2nd, Marketbeat reports. They currently have a GBX 1,100 price objective on the stock. Peel Hunt’s price target points to a potential upside of 10.55% from the company’s current price.

Several other equities research analysts also recently weighed in on IGG. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,000 target price on shares of IG Group in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,850 target price on shares of IG Group in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, IG Group has a consensus rating of “Moderate Buy” and an average target price of GBX 1,550.

IG Group Stock Performance

Shares of IG Group stock traded up GBX 32 during trading on Friday, reaching GBX 995. The company’s stock had a trading volume of 5,056,188 shares, compared to its average volume of 5,882,138. The company has a 50-day moving average price of GBX 1,310.86 and a two-hundred day moving average price of GBX 1,550.94. The firm has a market cap of £3.28 billion, a PE ratio of 9.47, a P/E/G ratio of -1.44 and a beta of 0.50. IG Group has a fifty-two week low of GBX 930.50 and a fifty-two week high of GBX 1,956. The company has a current ratio of 162.46, a quick ratio of 2.40 and a debt-to-equity ratio of 31.85.

IG Group (LON:IGG) last announced its earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a net margin of 30.26% and a return on equity of 19.99%. On average, analysts forecast that IG Group will post 104.0295119 EPS for the current year.

Insider Activity

In other news, insider Helen Stevenson acquired 2,197 shares of IG Group stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost 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, for a total transaction of £66,550. In the last three months, insiders purchased 43,613 shares of company stock worth $59,601,278. Company insiders own 1.20% of the company’s stock.

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.