Jefferies Financial Group Reaffirms Buy Rating for IG Group (LON:IGG)

Key Points

• Jefferies reaffirmed its Buy rating on IG Group and set a GBX 1,250 price target, implying 28.14% upside from the reported GBX 975.46 price.
• Analyst sentiment is broadly positive: three analysts rate IG Group a Buy and one a Hold, producing a MarketBeat consensus of “Moderate Buy” with a GBX 1,550 average target.
• IG Group reported quarterly EPS of GBX 68.90, a 30.26% net margin and 19.99% return on equity; insiders also purchased 43,613 shares valued at approximately £59.6 million over the prior three months.

IG Group (LON:IGG - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, London Stock Exchange reports. They presently have a GBX 1,250 price objective on the stock. Jefferies Financial Group's price target suggests a potential upside of 28.14% from the company's current price.

IGG has been the subject of a number of other reports. Peel Hunt reaffirmed a "hold" rating and set a GBX 1,100 price target on shares of IG Group in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,000 price objective on shares of IG Group in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,550.

IG Group Stock Up 1.3%

IG Group stock opened at GBX 975.46 on Friday. IG Group has a fifty-two week low of GBX 930.50 and a fifty-two week high of GBX 1,956. The stock has a market cap of £3.22 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. The firm's 50-day simple moving average is GBX 1,310.86 and its 200 day simple moving average is GBX 1,550.94. 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 issued its quarterly earnings data 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%. Research analysts predict that IG Group will post 104.0295119 EPS for the current fiscal year.

Insider Activity

In related news, insider Helen Stevenson purchased 2,197 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of GBX 1,358 per share, with a total value of £29,835.26. Also, insider Andrew Barron acquired 36,416 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of GBX 1,372 per share, for a total transaction of £499,627.52. Insiders purchased 43,613 shares of company stock valued at $59,601,278 in the last three months. Company insiders own 1.20% of the company's stock.

About IG Group

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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