Analysts Set IG Group Holdings plc (LON:IGG) Target Price at GBX 1,462.33

Shares of IG Group Holdings plc (LON:IGG) have earned an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,462.33.

Several research firms have recently commented on IGG. Canaccord Genuity Group upped their target price on IG Group from GBX 782 to GBX 1,099 and gave the company a “buy” rating in a research report on Friday, May 30th. Shore Capital reiterated a “buy” rating and issued a GBX 1,200 price target on shares of IG Group in a research note on Thursday, July 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 price target on shares of IG Group in a report on Thursday, May 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,250 target price on shares of IG Group in a research note on Thursday. Finally, Royal Bank Of Canada raised 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 report on Thursday, August 14th.

IG Group Stock Down 2.9%

LON IGG opened at GBX 1,074 on Thursday. The stock has a fifty day moving average of GBX 1,122.67 and a 200-day moving average of GBX 1,066.01. The stock has a market capitalization of £3.74 billion, a P/E ratio of 1,021.88, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. IG Group has a 52 week low of GBX 860 and a 52 week high of GBX 1,165. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.47.

IG Group (LON:IGG) last posted its 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%. On average, equities research 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 authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

IG Group Company Profile

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.