IG Group (LON:IGG) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

IG Group (LON:IGG)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Friday,Digital Look reports. They currently have a GBX 2,000 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 29.87% from the company’s previous close.

Several other brokerages also recently weighed in on IGG. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a report on Friday. Royal Bank Of Canada raised their price objective on IG Group from GBX 1,600 to GBX 1,850 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,338.

IG Group Stock Performance

Shares of LON IGG opened at GBX 1,540 on Friday. The company has a 50-day simple moving average of GBX 1,820.81 and a 200-day simple moving average of GBX 1,564.17. The company has a debt-to-equity ratio of 31.16, a current ratio of 215.53 and a quick ratio of 2.40. The company has a market cap of £5.09 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of -1.44 and a beta of 0.53. 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 announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 68.90 earnings per share (EPS) for the quarter. IG Group had a net margin of 43.07% and a return on equity of 26.63%. On average, equities analysts anticipate that IG Group will post 104.0295119 earnings per share for the current year.

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.