Analysts Set IG Group Holdings plc (IGG) Target Price at $650.50

Shares of IG Group Holdings plc (LON:IGG) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 650.50 ($8.23).

Several analysts have commented on IGG shares. Numis Securities Ltd restated an “add” rating and set a GBX 607 ($7.68) price objective on shares of IG Group Holdings plc in a research note on Thursday, March 23rd. Shore Capital restated a “hold” rating on shares of IG Group Holdings plc in a research note on Wednesday, May 31st. Finally, Liberum Capital restated an “under review” rating on shares of IG Group Holdings plc in a research note on Wednesday, May 31st.

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Shares of IG Group Holdings plc (LON:IGG) traded up 0.433276% during mid-day trading on Tuesday, reaching GBX 580.881592. 2,342,976 shares of the company’s stock were exchanged. IG Group Holdings plc has a one year low of GBX 441.70 and a one year high of GBX 967.64. The company’s 50-day moving average price is GBX 564.31 and its 200-day moving average price is GBX 539.78. The company’s market capitalization is GBX 2.13 billion.

About IG Group Holdings plc

IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company’s segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:IGG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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