Jefferies Financial Group Reaffirms Buy Rating for IG Group (LON:IGG)

IG Group (LON:IGG)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report issued on Friday,Digital Look reports. They currently have a GBX 1,250 target price on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 18.83% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of IG Group from GBX 1,650 to GBX 1,750 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada upped their price objective on IG Group from GBX 1,600 to GBX 1,850 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,338.

IG Group Stock Down 9.7%

Shares of IGG opened at GBX 1,540 on Friday. The stock has a market capitalization of £5.09 billion, a PE ratio of 14.65, a P/E/G ratio of -1.44 and a beta of 0.53. IG Group has a 1 year low of GBX 1,016 and a 1 year high of GBX 1,956. The company has a debt-to-equity ratio of 31.16, a quick ratio of 2.40 and a current ratio of 215.53. The company’s 50-day simple moving average is GBX 1,820.81 and its 200-day simple moving average is GBX 1,564.17.

IG Group (LON:IGG) last posted 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 43.07% and a return on equity of 26.63%. Analysts forecast that IG Group will post 104.0295119 earnings per share for the current fiscal year.

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.