A number of other research analysts also recently issued reports on the company. Numis Securities Ltd downgraded IG Group Holdings plc to an add rating and set a GBX 590 ($7.41) price objective for the company. in a research note on Monday, January 9th. Shore Capital upgraded IG Group Holdings plc to a hold rating in a research note on Tuesday, January 24th. Citigroup Inc boosted their price objective on IG Group Holdings plc from GBX 470 ($5.91) to GBX 520 ($6.54) and gave the company a neutral rating in a research note on Friday, January 27th. Barclays PLC reiterated an overweight rating and set a GBX 612 ($7.69) price objective on shares of IG Group Holdings plc in a research note on Wednesday, January 25th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a GBX 865 ($10.87) price objective on shares of IG Group Holdings plc in a research note on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 718 ($9.02).
IG Group Holdings plc (LON:IGG) opened at 502.50 on Thursday. IG Group Holdings plc has a 1-year low of GBX 441.70 and a 1-year high of GBX 967.64. The firm’s 50 day moving average is GBX 524.09 and its 200 day moving average is GBX 664.56. The stock’s market capitalization is GBX 1.84 billion.
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The business also recently disclosed a dividend, which was paid on Friday, March 3rd. Investors of record on Thursday, February 2nd were paid a dividend of GBX 9.42 ($0.12) per share. The ex-dividend date was Thursday, February 2nd. This represents a dividend yield of 1.78%.
In related news, insider Stephen Hill sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of GBX 530 ($6.66), for a total transaction of £371,000 ($466,256.13). Also, insider Peter G. Hetherington acquired 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 24th. The shares were bought at an average price of GBX 550 ($6.91) per share, with a total value of £1,100,000 ($1,382,430.56).
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.
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