Key Points
- Insider purchase: Clifford Abrahams acquired 5,000 IG Group shares at GBX 1,331 each, for a total investment of £66,550.
- Financial performance: IG Group reported quarterly EPS of GBX 68.90, alongside a 30.26% net margin and 19.99% return on equity.
- Analyst outlook: The stock has a consensus “Buy” rating from five analysts, with a consensus price target of GBX 1,338; individual targets range from GBX 1,250 to GBX 2,000.
IG Group Holdings plc (LON:IGG - Get Free Report) insider Clifford Abrahams acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of GBX 1,331 per share, for a total transaction of £66,550.
IG Group Price Performance
Shares of IGG opened at GBX 1,360 on Tuesday. IG Group Holdings plc has a fifty-two week low of GBX 1,016 and a fifty-two week high of GBX 1,956. The firm's 50-day simple moving average is GBX 1,757.17 and its two-hundred day simple moving average is GBX 1,566.33. The stock has a market cap of £4.49 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.40 and a current ratio of 162.46.
IG Group (LON:IGG - Get Free Report) last released its 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%. Analysts anticipate that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on IGG shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,000 target price on shares of IG Group in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 1,850 price target on shares of IG Group in a research report on Friday, July 31st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,250 price target on shares of IG Group in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 1,338.
View Our Latest Stock Report on IGG
IG Group Company Profile
(
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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