IG Group (LON:IGG) Insider Acquires 36,416 Shares

Key Points

• IG Group insider Andrew Barron purchased 36,416 shares at an average price of GBX 1,372, representing a total investment of approximately £499,628.
• IG Group reported quarterly EPS of GBX 68.90, with a 30.26% net margin and 19.99% return on equity. Analysts expect full-year EPS of approximately 104.03p.
• Analysts maintain a generally positive outlook, with five Buy ratings and a consensus rating of “Buy”; published price targets range from GBX 1,250 to GBX 2,000.

IG Group Holdings plc (LON:IGG - Get Free Report) insider Andrew Barron purchased 36,416 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of GBX 1,372 per share, for a total transaction of £499,627.52.

IG Group Price Performance

Shares of LON IGG opened at GBX 1,375 on Tuesday. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.40 and a current ratio of 162.46. The firm has a fifty day moving average of GBX 1,757.17 and a 200 day moving average of GBX 1,566.33. The firm has a market cap of £4.54 billion, a PE ratio of 13.08, a PEG ratio of -1.44 and a beta of 0.50. IG Group Holdings plc has a one year low of GBX 1,016 and a one year high of GBX 1,956.

IG Group (LON:IGG - Get Free Report) last posted 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%. As a group, research analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IGG shares. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,850 target price on shares of IG Group in a report on Friday, July 31st. Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,250 price target on shares of IG Group in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 2,000 price target on shares of IG Group in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 1,338.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source