Insider Buying: IG Group (LON:IGG) Insider Acquires £94,400 in Stock

Key Points

• IG Group insider Clifford Abrahams purchased 10,000 shares at GBX 944 each, investing £94,400; he also bought £66,550 worth of shares in August.
• IG Group shares opened at GBX 949.50 and remain well below their 52-week high of GBX 1,956, with the company valued at approximately £3.13 billion.
• Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of GBX 1,537.50.

IG Group Holdings plc (LON:IGG - Get Free Report) insider Clifford Abrahams bought 10,000 shares of IG Group stock in a transaction that occurred on Friday, October 23rd. The stock was purchased at an average price of GBX 944 per share, with a total value of £94,400.

Clifford Abrahams also recently made the following trade(s):

• On Friday, August 7th, Clifford Abrahams purchased 5,000 shares of IG Group stock. The shares were purchased at an average price of GBX 1,331 per share, for a total transaction of £66,550.

IG Group Trading Up 1.1%

IGG opened at GBX 949.50 on Monday. IG Group Holdings plc has a 52 week low of GBX 919 and a 52 week high of GBX 1,956. The business has a fifty day simple moving average of GBX 1,222.39 and a 200-day simple moving average of GBX 1,514.02. The firm has a market cap of £3.13 billion, a P/E ratio of 9.03, a P/E/G ratio of -1.44 and a beta of 0.47. The company has a quick ratio of 2.40, a current ratio of 162.46 and a debt-to-equity ratio of 31.85.

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

Analyst Ratings Changes

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