IG Group (LON:IGG) Insider Acquires £59,718.96 in Stock

Key Points

• Insider Wu Gang of IG Group acquired 5,576 shares at an average price of GBX 1,071, totaling £59,718.96 on October 6th.
• IG Group's stock is currently down 0.1% and has a market cap of £3.68 billion, with a twelve-month high of GBX 1,165.
• Deutsche Bank and other analysts have recently upgraded IG Group's target price, with a current consensus rating of "Buy" and a target price of GBX 1,470.67.

IG Group Holdings plc (LON:IGG - Get Free Report) insider Wu Gang purchased 5,576 shares of the business's stock in a transaction dated Monday, October 6th. The shares were bought at an average price of GBX 1,071 per share, with a total value of £59,718.96.

IG Group Trading Down 0.1%

LON:IGG traded down GBX 1 during mid-day trading on Tuesday, reaching GBX 1,063. The company's stock had a trading volume of 803,575 shares, compared to its average volume of 2,143,259. The company's fifty day simple moving average is GBX 1,119.40 and its two-hundred day simple moving average is GBX 1,076.70. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. IG Group Holdings plc has a twelve month low of GBX 860 and a twelve month high of GBX 1,165. The stock has a market cap of £3.68 billion, a P/E ratio of 1,011.42, a P/E/G ratio of -1.44 and a beta of 0.55.

IG Group (LON:IGG - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported GBX 114.10 earnings per share for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. On average, equities analysts predict that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group declared that its board has authorized a stock repurchase plan on Thursday, September 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on IG Group from GBX 1,225 to GBX 1,350 and gave the company a "buy" rating in a report on Friday, August 8th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,250 target price on shares of IG Group in a research report on Friday, September 26th. Shore Capital restated a "buy" rating and set a GBX 1,250 target price on shares of IG Group in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada boosted their target price on IG Group from GBX 1,150 to GBX 1,275 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 1,470.67.

About IG Group

IG Group LSEG: IGG is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients.

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