IG Group Holdings plc (LON:IGG) Insider Buys £49,988.95 in Stock

IG Group Holdings plc (LON:IGG) insider Marieke Flament bought 5,335 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of GBX 937 ($11.78) per share, with a total value of £49,988.95 ($62,839.66).

IG Group Price Performance

Shares of LON:IGG traded up GBX 13 ($0.16) during midday trading on Wednesday, hitting GBX 947.50 ($11.91). The stock had a trading volume of 799,556 shares, compared to its average volume of 1,679,591. The company’s 50-day moving average price is GBX 922.22 and its 200-day moving average price is GBX 890.23. IG Group Holdings plc has a fifty-two week low of GBX 663.50 ($8.34) and a fifty-two week high of GBX 995.25 ($12.51). The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. The company has a market capitalization of £3.40 billion, a P/E ratio of 1,202.56, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,065 ($13.39) target price on shares of IG Group in a report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on IG Group from GBX 1,000 ($12.57) to GBX 1,100 ($13.83) and gave the stock an “outperform” rating in a research note on Thursday, August 1st.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.