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

Key Points

• Shares of IG Group hit a new 52-week high of GBX 1,531 and were last trading around GBX 1,515 (up 0.3%) with volume ~694,829, implying a market cap of £5.04 billion.
• The company reported strong profitability—quarterly EPS GBX 196.66, net margin 35.26% and ROE 20.91%—with a PE of 14.46, PEG of -1.44, high liquidity (current ratio 3.43, quick ratio 2.40) and a low beta (0.48).
• IG's board has initiated a share buyback program (announced April 1) to repurchase shares via open-market purchases, a sign management may view the stock as undervalued.

Shares of IG Group Holdings plc (LON:IGG - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,531 and last traded at GBX 1,515, with a volume of 694829 shares. The stock had previously closed at GBX 1,518.

IG Group Stock Up 0.3%

The business has a 50 day moving average of GBX 1,387.96 and a 200-day moving average of GBX 1,259.87. The stock has a market cap of £5.04 billion, a PE ratio of 14.46, a P/E/G ratio of -1.44 and a beta of 0.48. The company has a current ratio of 3.43, a quick ratio of 2.40 and a debt-to-equity ratio of 30.81.

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

IG Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board 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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