IG Group (LON:IGG) Reaches New 1-Year High - What's Next?

Key Points

• 52-week high: IG Group's shares reached GBX 1,553.50 intraday and last traded near GBX 1,531.71 on a volume of about 406,315 shares, with the stock down roughly 0.1% at the time of reporting.
• Key fundamentals: the company has a market cap of £5.08 billion and a P/E of 14.57; recent quarterly EPS was GBX 196.66 with a return on equity of 20.91% and a net margin of 35.26%, while analysts expect roughly GBX 104.03 in EPS for the year.
• The Board announced a stock repurchase program on April 1 (the notice references repurchasing outstanding shares) — a move that typically signals the board views the shares as undervalued; IG is a FTSE 100 fintech serving over 1.3 million customers through brands including IG, tastytrade, Freetrade and Independent Reserve.

IG Group Holdings plc (LON:IGG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,553.50 and last traded at GBX 1,531.71, with a volume of 406315 shares. The stock had previously closed at GBX 1,532.50.

IG Group Trading Down 0.1%

The firm has a fifty day simple moving average of GBX 1,428.07 and a 200-day simple moving average of GBX 1,299.27. The firm has a market cap of £5.08 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of -1.44 and a beta of 0.48. The company has a debt-to-equity ratio of 30.81, a current ratio of 3.43 and a quick ratio of 2.40.

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

IG Group declared that its Board of Directors has initiated a stock repurchase program 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 programs are usually an indication that the company's board believes its shares are 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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