Insider Buying: IG Group (LON:IGG) Insider Buys £29,835.26 in Stock

IG Group Holdings plc (LON:IGG) insider Helen Stevenson purchased 2,197 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of GBX 1,358 per share, with a total value of £29,835.26.

IG Group Stock Performance

LON:IGG opened at GBX 1,332 on Friday. IG Group Holdings plc has a 52 week low of GBX 1,016 and a 52 week high of GBX 1,956. The company has a fifty day simple moving average of GBX 1,729.03 and a two-hundred day simple moving average of GBX 1,566.40. 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 has a market cap of £4.39 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of -1.44 and a beta of 0.50.

IG Group (LON:IGG) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a return on equity of 19.99% and a net margin of 30.26%. As a group, equities analysts anticipate that IG Group Holdings plc will post 104.0295119 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IGG shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a research note on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 target price on shares of IG Group in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,000 target price on shares of IG Group in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, IG Group currently has a consensus rating of “Buy” and an average target price of GBX 1,338.

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.