Barclays PLC reiterated their overweight rating on shares of IG Group Holdings plc (LON:IGG) in a research report sent to investors on Monday morning. Barclays PLC currently has a GBX 950 ($12.40) target price on the stock.
Several other research analysts have also commented on IGG. FinnCap reaffirmed a sell rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Numis Securities Ltd reaffirmed a hold rating and set a GBX 794 ($10.36) price target on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Shore Capital reaffirmed a sell rating on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Royal Bank Of Canada lifted their price target on IG Group Holdings plc from GBX 815 ($10.64) to GBX 865 ($11.29) and gave the stock a sector perform rating in a research report on Wednesday, July 20th. Finally, Liberum Capital raised IG Group Holdings plc to a buy rating and lifted their price target for the stock from GBX 770 ($10.05) to GBX 986 ($12.87) in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 889 ($11.60).
IG Group Holdings plc (LON:IGG) opened at 880.00 on Monday. IG Group Holdings plc has a 12 month low of GBX 696.00 and a 12 month high of GBX 967.64. The stock’s 50 day moving average price is GBX 921.58 and its 200-day moving average price is GBX 835.10. The stock’s market cap is GBX 3.22 billion.
The business also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 29th will be issued a GBX 22.95 ($0.30) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 2.7%. This is a positive change from IG Group Holdings plc’s previous dividend of $8.45.
In related news, insider Hetherington,Peter G bought 204 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of GBX 880 ($11.49) per share, with a total value of £1,795.20 ($2,343.30).
About IG Group Holdings plc
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company’s segments include UK, Australia, Europe and Rest of World. The Company’s United Kingdom (UK) segment consists of its operations in the UK and Ireland. The Company’s Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland.
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