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

Key Points

• IG Group shares hit a new 52-week low, falling to GBX 930.50 and last trading at GBX 959 versus a previous close of GBX 1,279.
• Despite the sell-off, analysts maintain a positive outlook: IG Group has an average “Buy” rating and a consensus price target of GBX 1,360, with targets as high as GBX 2,000.
• Insiders have been buying shares, purchasing 43,613 shares worth approximately £59.6 million over the past three months; the company also reported GBX 68.90 quarterly EPS, a 30.26% net margin and a 19.99% return on equity.

IG Group Holdings plc (LON:IGG - Get Free Report) shares hit a new 52-week low during trading on Friday. The company traded as low as GBX 930.50 and last traded at GBX 959, with a volume of 14473579 shares trading hands. The stock had previously closed at GBX 1,279.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group restated a "buy" rating and set a GBX 1,250 target price on shares of IG Group in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,000 price target on shares of IG Group in a report on Friday, July 31st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 1,850 price objective on shares of IG Group in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IG Group presently has an average rating of "Buy" and a consensus price target of GBX 1,360.

IG Group Price Performance

The firm has a market capitalization of £3.33 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50. 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 company's fifty day moving average is GBX 1,384.26 and its two-hundred day moving average is GBX 1,565.95.

IG Group (LON:IGG - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported GBX 68.90 EPS for the quarter. IG Group had a net margin of 30.26% and a return on equity of 19.99%. Equities research analysts anticipate that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

Insider Transactions at IG Group

In related news, insider Clifford Abrahams acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of GBX 1,331 per share, for a total transaction of £66,550. Also, insider Andrew Barron bought 36,416 shares of the business's stock in a transaction on Monday, August 10th. The stock was bought at an average cost of GBX 1,372 per share, for a total transaction of £499,627.52. Insiders have purchased 43,613 shares of company stock worth $59,601,278 in the last three months. Insiders own 1.20% of the company's stock.

About IG Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.