IG Group (LON:IGG) Stock Rating Reaffirmed as "Buy" by Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on IG Group and set a GBX 1,200 price target, implying 22.2% upside from the previous close.
• Analyst sentiment remains positive overall, with three Buy ratings and one Hold rating; the consensus target is GBX 1,537.50, representing a “Moderate Buy” average rating.
• IG Group shares opened at GBX 982, down 0.5%, while recent company results showed GBX 68.90 quarterly EPS, a 27.12% net margin, and 18.89% return on equity.

IG Group (LON:IGG - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Monday, London Stock Exchange reports. They presently have a GBX 1,200 target price on the stock. Jefferies Financial Group's price objective suggests a potential upside of 22.20% from the stock's previous close.

Several other research analysts have also issued reports on IGG. Peel Hunt reissued a "hold" rating and issued a GBX 1,100 price target on shares of IG Group in a research report on Friday, October 2nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 1,850 price objective on shares of IG Group in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 2,000 target price on shares of IG Group in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,537.50.

IG Group Stock Down 0.5%

Shares of IGG stock opened at GBX 982 on Monday. IG Group has a one year low of GBX 930.50 and a one year high of GBX 1,956. The company has a debt-to-equity ratio of 31.85, a current ratio of 162.46 and a quick ratio of 2.40. The stock has a fifty day moving average price of GBX 1,263.62 and a 200 day moving average price of GBX 1,531.40. The stock has a market cap of £3.24 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG - Get Free Report) last announced its quarterly 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 27.12% and a return on equity of 18.89%. Analysts predict that IG Group will post 104.03 earnings per share for the current year.

Insider Transactions at IG Group

In other news, insider Clifford Abrahams bought 5,000 shares of the stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of GBX 1,331 per share, with a total value of £66,550. Also, insider Andrew Barron bought 36,416 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of GBX 1,372 per share, with a total value of £499,627.52. In the last quarter, insiders have bought 43,613 shares of company stock valued at $59,601,278. 1.20% of the stock is owned by insiders.

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.