IG Group Holdings plc (LON:IGG) Insider Purchases £14,854.07 in Stock

Posted by Defense World Staff on Mar 17th, 2023

IG Group Holdings plc (LON:IGG – Get Rating) insider June Felix purchased 2,101 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of GBX 707 ($8.62) per share, with a total value of £14,854.07 ($18,103.68).

IG Group Stock Down 0.3 %

Shares of IG Group stock opened at GBX 693.50 ($8.45) on Friday. IG Group Holdings plc has a one year low of GBX 646.75 ($7.88) and a one year high of GBX 851 ($10.37). The company has a debt-to-equity ratio of 15.89, a current ratio of 2.29 and a quick ratio of 2.40. The stock’s 50-day moving average is GBX 793.73 and its 200 day moving average is GBX 791.44. The firm has a market cap of £2.87 billion, a price-to-earnings ratio of 770.56, a PEG ratio of -1.44 and a beta of 0.48.

IG Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 3rd. Shareholders of record on Thursday, February 2nd were issued a GBX 13.26 ($0.16) dividend. The ex-dividend date was Thursday, February 2nd. This represents a yield of 1.7%. IG Group’s payout ratio is currently 5,000.00%.

Analyst Upgrades and Downgrades

IGG has been the topic of several research analyst reports. Numis Securities restated a “buy” rating and set a GBX 1,100 ($13.41) target price on shares of IG Group in a research report on Friday, January 27th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,000 ($12.19) target price on shares of IG Group in a research report on Monday, February 6th. Barclays restated an “overweight” rating and set a GBX 1,210 ($14.75) target price on shares of IG Group in a research report on Friday, January 27th. Finally, Shore Capital restated a “buy” rating on shares of IG Group in a research report on Wednesday.

About IG Group

(Get Rating)

IG Group Holdings plc engages in the online trading business worldwide. The company offers over-the-counter (OTC) leveraged 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 spread bets and options.