IG Group (LON:IGG) Insider Breon Corcoran Buys 40,000 Shares of Company Stock

Key Points

• IG Group insider Breon Corcoran bought 40,000 shares at GBX 946 each, valued at £378,400, following a separate purchase of 30,000 shares worth £283,500.
• IG Group shares rose 0.7% to GBX 969, while the company reported quarterly EPS of GBX 68.90, a 27.12% net margin, and an 18.89% return on equity.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of GBX 1,537.50.

IG Group Holdings plc (LON:IGG - Get Free Report) insider Breon Corcoran bought 40,000 shares of IG Group stock in a transaction dated Friday, October 23rd. The shares were bought at an average cost of GBX 946 per share, with a total value of £378,400.

Breon Corcoran also recently made the following trade(s):

• On Friday, October 23rd, Breon Corcoran bought 30,000 shares of IG Group stock. The stock was acquired at an average price of GBX 945 per share, with a total value of £283,500.

IG Group Stock Up 0.7%

Shares of IG Group stock traded up GBX 7 during midday trading on Tuesday, hitting GBX 969. The company's stock had a trading volume of 5,943,009 shares, compared to its average volume of 6,299,225. IG Group Holdings plc has a 1-year low of GBX 919 and a 1-year high of GBX 1,956. The company has a quick ratio of 2.40, a current ratio of 162.46 and a debt-to-equity ratio of 31.85. The firm has a market capitalization of £3.19 billion, a P/E ratio of 9.22, a PEG ratio of -1.44 and a beta of 0.47. The stock has a 50-day simple moving average of GBX 1,223.05 and a 200-day simple moving average of GBX 1,462.41.

IG Group (LON:IGG - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a return on equity of 18.89% and a net margin of 27.12%. As a group, sell-side analysts expect that IG Group Holdings plc will post 104.03 earnings per share for the current year.

Wall Street Analyst Weigh In

IGG has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 1,850 price target on shares of IG Group in a research note on Friday, August 14th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,200 price objective on shares of IG Group in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,000 target price on shares of IG Group in a research note on Friday, July 31st. Finally, Peel Hunt reissued a "hold" rating and issued a GBX 1,100 target price on shares of IG Group in a research report on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,537.50.

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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