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

IG Group Holdings plc (LON:IGG) insider Breon Corcoran purchased 13,501 shares of IG Group stock in a transaction dated Tuesday, September 30th. The stock was acquired at an average price of GBX 1,070 per share, for a total transaction 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 acquired at an average cost of GBX 1,075 per share, with a total value of £661,114.25.

IG Group Price Performance

IGG opened at GBX 1,075 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.47 and a debt-to-equity ratio of 17.04. The company’s 50-day moving average price is GBX 1,121.63 and its 200 day moving average price is GBX 1,073.27. IG Group Holdings plc has a fifty-two week low of GBX 860 and a fifty-two week high of GBX 1,165. The firm has a market cap of £3.74 billion, a price-to-earnings ratio of 1,022.84, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55.

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

IG Group declared that its Board of Directors has approved a share buyback program on Thursday, September 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Shore Capital reissued a “buy” rating and set a GBX 1,250 price target on shares of IG Group in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of IG Group from GBX 1,225 to GBX 1,350 and gave the company a “buy” rating in a research note on Friday, August 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a research note on Friday, September 26th. Finally, Royal Bank Of Canada lifted their price target on IG Group from GBX 1,150 to GBX 1,275 and gave the company an “outperform” rating in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock 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.