IG GROUP HOLDINGS PL

IGG
Real-time Estimate Quote. Real-time Estimate  - 08/05 10:17:18 am
738.25GBX +0.44%

IG Group Holdings plc : No turn-around in sight

Jordan Dufee
Analyst

Strategy published on : 07/30/2020 | 03:04

long trade
Live

Entry price : 750.5GBX
Target : 840GBX
Stop-loss : 690GBX
Potential : 11.93%

IG Group Holdings plc's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Investors have an opportunity to buy the stock and target the GBX 840.

Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● Historically, the company has been releasing figures that are above expectations.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 11.43 for the current year.

● This company will be of major interest to investors in search of a high dividend stock.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The tendency within the weekly time frame is positive above the technical support level at 667.5 GBX


Weaknesses

● With an enterprise value anticipated at 3.66 times the sales for the current fiscal year, the company turns out to be overvalued.

MarketScreener.com 2020
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