IG Group (LON:IGG) Insider Breon Corcoran Purchases 13,501 Shares

IG Group Holdings plc (LON:IGG) insider Breon Corcoran acquired 13,501 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were purchased at an average price of GBX 1,070 per share, with a total value of £144,460.70.

Breon Corcoran also recently made the following trade(s):

• On Wednesday, October 1st, Breon Corcoran acquired 61,499 shares of IG Group stock. The shares were purchased at an average price of GBX 1,075 per share, with a total value of £661,114.25.

IG Group Trading Down 0.8%

Shares of IG Group stock opened at GBX 1,067.92 on Thursday. The firm has a market cap of £3.72 billion, a price-to-earnings ratio of 1,016.09, a PEG ratio of -1.44 and a beta of 0.55. The business has a 50-day moving average price of GBX 1,122.93 and a 200-day moving average price of GBX 1,072.38. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04. IG Group Holdings plc has a twelve month low of GBX 860 and a twelve month high of GBX 1,165.

IG Group (LON:IGG) last issued its quarterly earnings data 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%. Equities research analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group declared that its Board of Directors has authorized a share buyback plan on Thursday, September 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IGG. Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 price objective on shares of IG Group in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft lifted their price target on IG Group from GBX 1,225 to GBX 1,350 and gave the stock a “buy” rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on IG Group from GBX 1,150 to GBX 1,275 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a research report on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IG Group currently has an average rating of “Buy” and a consensus target price of GBX 1,470.67.

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.