IG Group (LON:IGG) to Repurchase 0 Shares

IG Group (LON:IGG) announced that its board has authorized a stock repurchase program on Wednesday, April 1st, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

IG Group Stock Up 1.4%

IGG stock opened at GBX 1,452.25 on Thursday. The business has a 50 day moving average of GBX 1,366.44 and a 200 day moving average of GBX 1,233.54. The firm has a market cap of £4.86 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of -1.44 and a beta of 0.64. IG Group has a twelve month low of GBX 860 and a twelve month high of GBX 1,477. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81.

IG Group (LON:IGG) last released its earnings results on Thursday, March 19th. The company reported GBX 196.66 EPS for the quarter. IG Group had a return on equity of 20.91% and a net margin of 35.26%. On average, research analysts forecast that IG Group will post 104.0295119 EPS for the current fiscal year.

IG Group Company Profile

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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. IG Group continues to innovate its offering for the new generation of tomorrow’s
investors through its IG, tastytrade, IG Prime, Spectrum, and DailyFX brands.

Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000
financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.