Deutsche Bank Aktiengesellschaft Boosts IG Group (LON:IGG) Price Target to GBX 1,350

Key Points

• Deutsche Bank has raised its price target for IG Group from GBX 1,225 to GBX 1,350, indicating an expected upside of 18.94% from the previous close.
• Other firms, including Berenberg Bank and Canaccord Genuity, have also issued buy ratings with price targets significantly higher than the current stock price.
• IG Group reported a net margin of 58.42% and earnings per share of GBX 114.10 for the last quarter, showcasing its strong financial performance.

IG Group (LON:IGG - Get Free Report) had its price target upped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,225 ($16.45) to GBX 1,350 ($18.13) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 19.47% from the company's previous close.

Several other equities analysts have also recently weighed in on IGG. Canaccord Genuity Group lifted their price target on IG Group from GBX 782 ($10.50) to GBX 1,099 ($14.76) and gave the company a "buy" rating in a research report on Friday, May 30th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,600 ($34.92) price target on shares of IG Group in a research note on Thursday, May 29th. Finally, Shore Capital reaffirmed a "buy" rating and set a GBX 1,200 ($16.12) price target on shares of IG Group in a research note on Thursday, July 24th.

IG Group Stock Performance

Shares of IGG traded down GBX 9 ($0.12) on Friday, reaching GBX 1,130 ($15.18). 1,143,675 shares of the company's stock traded hands, compared to its average volume of 2,038,133. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The stock has a market cap of £4.01 billion, a PE ratio of 7.54, a PEG ratio of -1.44 and a beta of 0.55. The stock's 50 day simple moving average is GBX 1,084.09 and its two-hundred day simple moving average is GBX 1,035.25. IG Group has a 52-week low of GBX 860 ($11.55) and a 52-week high of GBX 1,149 ($15.43).

IG Group (LON:IGG - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported GBX 114.10 ($1.53) earnings per share (EPS) for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. On average, analysts forecast that IG Group will post 104.0295119 earnings per share for the current fiscal year.

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.