IG Group (LON:IGG) Hits New 12-Month High - Still a Buy?

Key Points

• New 52-week high: IG Group shares reached GBX 1,477.05 (up ~1.3% on the day) on volume of 781,388, giving the company a market cap of about £4.90 billion.
• Solid profitability and balance sheet: The firm reported ROE of 20.91% and a net margin of 35.26%, trades at a PE of 14.07, and shows strong liquidity (quick ratio 2.40, current ratio 3.43) with analysts forecasting roughly 104.03 EPS for the year.
• Share repurchase authorized: The board approved an open‑market buyback program (announcement referenced 0 shares outstanding), a move typically interpreted as management signaling the stock may be undervalued.

IG Group Holdings plc (LON:IGG - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as GBX 1,477.05 and last traded at GBX 1,477.05, with a volume of 781388 shares trading hands. The stock had previously closed at GBX 1,460.

IG Group Trading Up 1.3%

The company has a debt-to-equity ratio of 30.81, a quick ratio of 2.40 and a current ratio of 3.43. The company has a 50 day simple moving average of GBX 1,376.64 and a two-hundred day simple moving average of GBX 1,246.41. The firm has a market cap of £4.90 billion, a PE ratio of 14.07, a P/E/G ratio of -1.44 and a beta of 0.48.

IG Group (LON:IGG - Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported GBX 196.66 earnings per share for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. Analysts expect that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group declared that its board has authorized a stock repurchase plan on Wednesday, April 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.

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