Key Points
- Insider buying: Clifford Abrahams purchased 10,000 IG Group shares at GBX 944 each, for a total of £94,400. He also bought 5,000 shares in August at GBX 1,331 per share.
- Share performance: IGG opened at GBX 952.50, near its one-year low of GBX 919 and well below its one-year high of GBX 1,956. The company has a £3.14 billion market capitalization and a reported PE ratio of 9.06.
- Analyst outlook: Three analysts rate IG Group a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 1,537.50.
IG Group Holdings plc (LON:IGG - Get Free Report) insider Clifford Abrahams purchased 10,000 shares of the firm's stock in a transaction on Friday, October 23rd. The shares were acquired at an average price of GBX 944 per share, with a total value of £94,400.
Clifford Abrahams also recently made the following trade(s):
- On Friday, August 7th, Clifford Abrahams acquired 5,000 shares of IG Group stock. The stock was acquired at an average cost of GBX 1,331 per share, with a total value of £66,550.
IG Group Stock Performance
IGG stock opened at GBX 952.50 on Tuesday. The firm has a market cap of £3.14 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of -1.44 and a beta of 0.47. The company has a current ratio of 162.46, a quick ratio of 2.40 and a debt-to-equity ratio of 31.85. The stock has a 50-day moving average price of GBX 1,223.05 and a 200-day moving average price of GBX 1,462.41. IG Group Holdings plc has a 1-year low of GBX 919 and a 1-year high of GBX 1,956.
IG Group (LON:IGG - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a return on equity of 18.89% and a net margin of 27.12%. As a group, equities research analysts expect that IG Group Holdings plc will post 104.03 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on IGG. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 1,850 price target on shares of IG Group in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 2,000 price target on shares of IG Group in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,200 price objective on shares of IG Group in a research report on Monday, October 19th. Finally, Peel Hunt reiterated a "hold" rating and issued a GBX 1,100 price objective on shares of IG Group in a research note on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 1,537.50.
Read Our Latest Analysis on IGG
About IG Group
(
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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