IG Group Holdings plc (LON:IGG)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a research note issued on Tuesday. They presently have a GBX 986 ($12.87) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 8.71% from the stock’s previous close.
A number of other brokerages have also recently issued reports on IGG. Royal Bank Of Canada raised their target price 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 report on Wednesday, July 20th. Barclays PLC raised their target price on IG Group Holdings plc from GBX 900 ($11.75) to GBX 950 ($12.40) and gave the stock an “overweight” rating in a report on Wednesday, July 20th. Shore Capital restated a “sell” rating on shares of IG Group Holdings plc in a report on Tuesday, July 19th. Numis Securities Ltd restated a “hold” rating and set a GBX 794 ($10.36) target price on shares of IG Group Holdings plc in a report on Tuesday, July 19th. Finally, FinnCap restated a “sell” rating on shares of IG Group Holdings plc in a report on Friday, July 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 889 ($11.60).
IG Group Holdings plc (LON:IGG) opened at 906.00 on Tuesday. IG Group Holdings plc has a 12-month low of GBX 696.00 and a 12-month high of GBX 967.64. The firm’s market cap is GBX 3.31 billion. The company has a 50-day moving average price of GBX 928.61 and a 200-day moving average price of GBX 825.90.
The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 29th will be issued a dividend of GBX 22.95 ($0.30) per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from IG Group Holdings plc’s previous dividend of $8.45.
In other IG Group Holdings plc news, insider Hetherington,Peter G acquired 204 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of GBX 880 ($11.49) per share, for a total transaction of £1,795.20 ($2,343.30).
IG Group Holdings plc Company Profile
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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