IG Group (LON:IGG) Insider Breon Corcoran Purchases 61,499 Shares

IG Group Holdings plc (LON:IGG) insider Breon Corcoran acquired 61,499 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were bought at an average price of GBX 1,075 per share, for a total transaction of £661,114.25.

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

• On Tuesday, September 30th, Breon Corcoran purchased 13,501 shares of IG Group stock. The stock was acquired at an average price of GBX 1,070 per share, for a total transaction of £144,460.70.

IG Group Stock Down 0.8%

IGG opened at GBX 1,067.92 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. IG Group Holdings plc has a 1-year low of GBX 860 and a 1-year high of GBX 1,165. The company has a market capitalization of £3.72 billion, a PE ratio of 1,016.09, a PEG ratio of -1.44 and a beta of 0.55. The firm’s 50 day simple moving average is GBX 1,122.93 and its two-hundred day simple moving average is GBX 1,072.38.

IG Group (LON:IGG) last released its quarterly earnings results on Thursday, July 24th. The company reported GBX 114.10 earnings per share for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. As a group, equities analysts forecast that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group declared that its board has authorized a stock buyback program on Thursday, September 4th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

IGG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of 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. Shore Capital restated a “buy” rating and set a GBX 1,250 target price on shares of IG Group in a research note on Thursday, September 25th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,250 target price on shares of IG Group in a research note on Friday, September 26th. Finally, Royal Bank Of Canada lifted their target price on shares of IG Group from GBX 1,150 to GBX 1,275 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.