IG Group Holdings Stock Rating Reaffirmed by Espirito Santo Investment Bank Research (IGG)

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Espirito Santo Investment Bank Research restated their neutral rating on shares of IG Group Holdings (LON:IGG) in a research note issued to investors on Tuesday, AR Network reports. The firm currently has a GBX 679 ($11.29) price target on the stock.

Shares of IG Group Holdings (LON:IGG) traded up 0.71% on Tuesday, hitting GBX 636.00. The stock had a trading volume of 313,768 shares. IG Group Holdings has a 52-week low of GBX 520.00 and a 52-week high of GBX 656.00. The stock’s 50-day moving average is GBX 626.7 and its 200-day moving average is GBX 606.4. The company’s market cap is £2.318 billion.

A number of other analysts have also recently weighed in on IGG. Analysts at Goldman Sachs downgraded shares of IG Group Holdings to a neutral rating in a research note on Monday, January 27th. They now have a GBX 725 ($12.06) price target on the stock, down previously from GBX 735 ($12.23). Separately, analysts at Citigroup Inc. raised their price target on shares of IG Group Holdings from GBX 650 ($10.81) to GBX 700 ($11.64) in a research note on Wednesday, January 15th. They now have a buy rating on the stock. Finally, analysts at Numis Securities Ltd reiterated an add rating on shares of IG Group Holdings in a research note on Tuesday, January 14th. They now have a GBX 665 ($11.06) price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 676.82 ($11.26).

IG Group Holdings plc is a United Kingdom-based company. The Company is engaged in derivative trading services, providing financial contracts for difference, spread betting and exchange-traded derivatives to retail investors worldwide.

To view Espirito Santo Investment Bank Research’s full report, visit Espirito Santo Investment Bank Research’s official website.

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