IG Group (LON:IGG) Announces Quarterly Earnings Results

Key Points

• IG Group reported a quarterly earnings per share (EPS) of GBX 114.10 ($1.53) with a net margin of 58.42% and a return on equity of 30.53%.
• The company’s stock opened at GBX 1,128.28 ($15.16), with a 12-month price range between GBX 860 ($11.56) and GBX 1,148 ($15.43).
• Analyst ratings remain favorable, with five analysts rating the stock as a buy and setting a consensus price target of GBX 1,412.80 ($18.99).

IG Group (LON:IGG - Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX 114.10 ($1.52) earnings per share for the quarter, Digital Look Earnings reports. IG Group had a return on equity of 30.53% and a net margin of 58.42%.

IG Group Stock Performance

IGG stock traded down GBX 6.18 ($0.08) during mid-day trading on Wednesday, hitting GBX 1,102.83 ($14.73). The company had a trading volume of 2,714,604 shares, compared to its average volume of 2,070,227. The firm has a market cap of £3.91 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47. The stock's fifty day moving average price is GBX 1,082.78 and its two-hundred day moving average price is GBX 1,029.04. IG Group has a 12 month low of GBX 860 ($11.49) and a 12 month high of GBX 1,148 ($15.33).

Analysts Set New Price Targets

A number of brokerages recently issued reports on IGG. Berenberg Bank reissued a "buy" rating and issued a GBX 2,600 ($34.72) price objective on shares of IG Group in a report on Thursday, May 29th. Shore Capital reissued a "buy" rating and set a GBX 1,200 ($16.03) target price on shares of IG Group in a research report on Thursday, July 24th. Finally, Canaccord Genuity Group raised their price target on IG Group from GBX 782 ($10.44) to GBX 1,099 ($14.68) and gave the company a "buy" rating in a research report on Friday, May 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 1,412.80 ($18.87).

IG Group Company Profile

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.