IG Group (LON:IGG) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of IG Group (LON:IGG) in a report published on Friday,Digital Look reports. They currently have a GBX 1,250 target price on the stock.

IGG has been the topic of several other research reports. Royal Bank Of Canada raised their price target on shares of IG Group from GBX 1,600 to GBX 1,850 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of IG Group from GBX 1,650 to GBX 1,750 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IG Group has an average rating of “Buy” and an average target price of GBX 1,338.

IG Group Stock Performance

IG Group stock opened at GBX 1,460 on Friday. The stock’s 50-day moving average is GBX 1,813.17 and its 200-day moving average is GBX 1,563.44. The company has a market cap of £4.82 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of -1.44 and a beta of 0.53. The company has a debt-to-equity ratio of 31.16, a current ratio of 215.53 and a quick ratio of 2.40. IG Group has a 12 month low of GBX 1,016 and a 12 month high of GBX 1,956.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share for the quarter. IG Group had a return on equity of 26.63% and a net margin of 43.07%. Equities analysts anticipate that IG Group will post 104.0295119 earnings per share for the current year.

Trending Headlines about IG Group

Here are the key news stories impacting IG Group this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a GBX 1,850 price target, indicating expected upside from current levels. Digital Look broker ratings
• Positive Sentiment: Deutsche Bank maintained its “buy” rating with a GBX 2,000 target, while Jefferies also retained a “buy” recommendation. These endorsements suggest some analysts remain confident in IG Group’s long-term outlook. Broker ratings
• Neutral Sentiment: IG Group reported quarterly earnings of GBX 68.90 per share, alongside a 43.07% net margin and 26.63% return on equity. However, the available report does not provide enough detail to determine whether results exceeded market expectations. IG Group earnings report
• Negative Sentiment: IG Group plans to acquire U.S. prediction-market operator Underdog in a deal valued at approximately $1.1 billion to $1.3 billion. The transaction offers access to a rapidly growing market but raises concerns about the purchase price, funding, regulatory approval and integration execution. IG Group Underdog acquisition

About IG Group

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.