Analysts Set IG Group Holdings plc (LON:IGG) Target Price at GBX 1,384.14

IG Group Holdings plc (LON:IGG) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,448.43.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of IG Group from GBX 1,650 to GBX 1,750 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,250 price objective on shares of IG Group in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada boosted their price target on shares of IG Group from GBX 1,600 to GBX 1,850 and gave the company an “outperform” rating in a report on Wednesday, May 20th.

IG Group Stock Performance

IG Group stock opened at GBX 1,820.57 on Wednesday. The company has a market cap of £6.03 billion, a PE ratio of 17.32, a P/E/G ratio of -1.44 and a beta of 0.49. The company has a fifty day moving average price of GBX 1,523.04 and a two-hundred day moving average price of GBX 1,356.79. The company has a debt-to-equity ratio of 30.81, a current ratio of 3.43 and a quick ratio of 2.40. IG Group has a 12 month low of GBX 1,016 and a 12 month high of GBX 1,880.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 EPS for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. Research analysts expect that IG Group will post 104.0295119 earnings per share for the current year.

IG Group declared that its board has initiated a share repurchase plan on Wednesday, April 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.