Numis Securities Ltd Reaffirms Add Rating for IG Group Holdings plc (IGG)

Numis Securities Ltd reaffirmed their add rating on shares of IG Group Holdings plc (LON:IGG) in a research report report published on Thursday morning. Numis Securities Ltd currently has a GBX 607 ($7.63) target price on the stock.

Several other equities analysts have also issued reports on IGG. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 865 ($10.87) price target on shares of IG Group Holdings plc in a research report on Tuesday, December 6th. Barclays PLC reaffirmed an overweight rating and issued a GBX 950 ($11.94) price target on shares of IG Group Holdings plc in a research report on Wednesday, December 7th. Shore Capital reaffirmed a sell rating on shares of IG Group Holdings plc in a research report on Friday, December 9th. Liberum Capital reaffirmed an under review rating on shares of IG Group Holdings plc in a research report on Monday, January 9th. Finally, Citigroup Inc lifted their price target on IG Group Holdings plc from GBX 470 ($5.91) to GBX 520 ($6.54) and gave the stock a neutral rating in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 718 ($9.02).

Analyst Recommendations for IG Group Holdings plc (LON:IGG)

IG Group Holdings plc (LON:IGG) opened at 502.50 on Thursday. The firm’s 50-day moving average is GBX 524.09 and its 200-day moving average is GBX 664.56. IG Group Holdings plc has a 12 month low of GBX 441.70 and a 12 month high of GBX 967.64. The company’s market cap is GBX 1.84 billion.

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The business also recently declared a dividend, which was paid on Friday, March 3rd. Stockholders of record on Thursday, February 2nd were given a GBX 9.42 ($0.12) dividend. This represents a dividend yield of 1.78%. The ex-dividend date was Thursday, February 2nd.

In other news, insider Stephen Hill sold 70,000 shares of IG Group Holdings plc stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of GBX 530 ($6.66), for a total value of £371,000 ($466,256.13). Also, insider Peter G. Hetherington purchased 200,000 shares of the stock in a transaction dated Tuesday, January 24th. The stock was bought at an average cost of GBX 550 ($6.91) per share, with a total value of £1,100,000 ($1,382,430.56).

IG Group Holdings plc Company Profile

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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