IG Group Holdings plc (LON:IGG – Get Free Report) insider Breon Corcoran acquired 13,501 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was purchased at an average cost of GBX 1,070 per share, with a total value of £144,460.70.
Breon Corcoran also recently made the following trade(s):
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On Wednesday, October 1st, Breon Corcoran acquired 61,499 shares of IG Group stock. The stock was purchased at an average cost of GBX 1,075 per share, with a total value of £661,114.25.
IG Group Stock Down 0.8%
Shares of LON IGG opened at GBX 1,067.92 on Thursday. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40. The company has a market cap of £3.72 billion, a P/E ratio of 1,016.09, a PEG ratio of -1.44 and a beta of 0.55. IG Group Holdings plc has a 1 year low of GBX 860 and a 1 year high of GBX 1,165. The firm has a 50-day simple moving average of GBX 1,122.93 and a two-hundred day simple moving average of GBX 1,072.38.
IG Group (LON:IGG – Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported GBX 114.10 earnings per share (EPS) for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. Research analysts anticipate that IG Group Holdings plc will post 104.0295119 earnings per share for the current year.
IG Group announced that its board has authorized a stock buyback plan on Thursday, September 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
Several analysts have recently weighed in on IGG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a research note on Friday, September 26th. Shore Capital reaffirmed a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a research note on Thursday, September 25th. Royal Bank Of Canada lifted their price target on shares of IG Group from GBX 1,150 to GBX 1,275 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of IG Group from GBX 1,225 to GBX 1,350 and gave the company a “buy” rating in a research note on Friday, August 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,470.67.
Check Out Our Latest Stock Report on IG Group
About IG Group
(Get Free Report)
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.
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