IG Group (LON:IGG) Sets New 1-Year Low - Should You Sell?

Key Points

• IG Group shares fell to a new 52-week low of GBX 930, closing at GBX 931.50 after trading volume reached 508,694 shares.
• Despite the decline, analysts maintain a “Moderate Buy” consensus, with three Buy ratings and one Hold rating and an average price target of GBX 1,537.50.
• The company reported GBX 68.90 in quarterly EPS, a 27.12% net margin and an 18.89% return on equity; insiders also bought more than 43,000 shares over the past 90 days.

IG Group Holdings plc (LON:IGG - Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as GBX 930 and last traded at GBX 931.50, with a volume of 508,694 shares changing hands. The stock had previously closed at GBX 937.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Peel Hunt reiterated a "hold" rating and set a GBX 1,100 target price on shares of IG Group in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 2,000 price target on shares of IG Group in a research note on Friday, July 31st. Jefferies Financial Group restated a "buy" rating and issued a GBX 1,200 price target on shares of IG Group in a research note on Monday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 1,850 price objective on shares of IG Group in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, IG Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,537.50.

IG Group Trading Down 0.6%

The firm has a 50-day moving average price of GBX 1,246.68 and a 200-day moving average price of GBX 1,524.44. The company has a debt-to-equity ratio of 31.85, a quick ratio of 2.40 and a current ratio of 162.46. The stock has a market cap of £3.07 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50.

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 net margin of 27.12% and a return on equity of 18.89%. As a group, equities analysts anticipate that IG Group Holdings plc will post 104.03 EPS for the current fiscal year.

Insider Transactions at IG Group

In other news, insider Andrew Barron purchased 36,416 shares of the business's stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of GBX 1,372 per share, for a total transaction of £499,627.52. Also, insider Helen Stevenson purchased 2,197 shares of IG Group stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of GBX 1,358 per share, with a total value of £29,835.26. Over the last 90 days, insiders have bought 43,613 shares of company stock worth $59,601,278. Corporate insiders own 1.20% of the company's stock.

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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