IG Group Holdings plc (LON:IGG) Given Consensus Rating of “Buy” by Brokerages

Shares of IG Group Holdings plc (LON:IGG) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,462.33.

IGG has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on IG Group from GBX 1,150 to GBX 1,275 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Berenberg Bank restated a “buy” rating and set a GBX 2,600 price objective on shares of IG Group in a report on Thursday, May 29th. Shore Capital restated a “buy” rating and set a GBX 1,200 price objective on shares of IG Group in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on IG Group from GBX 1,225 to GBX 1,350 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a report on Thursday, September 18th.

IG Group Trading Down 1.1%

Shares of IGG opened at GBX 1,052.45 on Thursday. The stock has a fifty day moving average of GBX 1,123.19 and a two-hundred day moving average of GBX 1,067.92. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47. The company has a market capitalization of £3.66 billion, a PE ratio of 1,001.38, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. IG Group has a fifty-two week low of GBX 860 and a fifty-two week high of GBX 1,165.

IG Group (LON:IGG) last issued its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 earnings per share for the quarter. IG Group had a return on equity of 30.53% and a net margin of 58.42%. As a group, analysts forecast that IG Group will post 104.0295119 EPS for the current year.

IG Group announced that its board has approved a share repurchase program on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

About IG Group

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.