IG Group (LON:IGG) Stock Keeps Hold Rating at Peel Hunt

IG Group (LON:IGG - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Friday, London Stock Exchange reports. They presently have a GBX 1,100 target price on the stock. Peel Hunt's target price would indicate a potential upside of 11.18% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 1,850 price target on shares of IG Group in a research note on Friday, August 14th. Jefferies Financial Group restated a "buy" rating and issued a GBX 1,250 target price on shares of IG Group in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,000 target price on shares of IG Group in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 1,550.

IG Group Price Performance

Shares of IGG opened at GBX 989.38 on Friday. The firm has a market cap of £3.26 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. IG Group has a 52-week low of GBX 930.50 and a 52-week high of GBX 1,956. The business's 50 day moving average price is GBX 1,384.26 and its two-hundred day moving average price is GBX 1,565.95. 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 announced its quarterly earnings data 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, equities analysts anticipate that IG Group will post 104.0295119 EPS for the current year.

Insiders Place Their Bets

In other IG Group news, insider Clifford Abrahams acquired 5,000 shares of the company's stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of GBX 1,331 per share, with a total value of £66,550. Also, insider Helen Stevenson acquired 2,197 shares of IG Group stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of GBX 1,358 per share, with a total value of £29,835.26. Over the last 90 days, insiders have acquired 43,613 shares of company stock worth $59,601,278. 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.