IG Group (LON:IGG) Posts Earnings Results

IG Group (LON:IGG) released its quarterly earnings results on Thursday. The company reported GBX 55.30 ($0.68) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IG Group had a net margin of 32.24% and a return on equity of 15.76%.

IG Group Stock Performance

Shares of LON IGG traded up GBX 17 ($0.21) during trading on Friday, reaching GBX 1,023 ($12.64). The stock had a trading volume of 2,974,271 shares, compared to its average volume of 1,347,001. IG Group has a one year low of GBX 671 ($8.29) and a one year high of GBX 1,106 ($13.66). The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31. The stock has a market cap of £3.67 billion, a PE ratio of 1,311.54, a P/E/G ratio of -1.44 and a beta of 0.55. The firm’s 50 day moving average price is GBX 978.67 and its two-hundred day moving average price is GBX 941.89.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, January 16th.

Insider Activity at IG Group

In other IG Group news, insider Marieke Flament purchased 5,335 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of GBX 937 ($11.57) per share, with a total value of £49,988.95 ($61,745.24). Insiders own 4.44% of the company’s stock.

About IG Group

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.