Innovation Group PLC PT Raised to GBX 38 (TIG)
Equities research analysts at Investec lifted their price target on shares of Innovation Group PLC (LON:TIG) from GBX 33 ($0.53) to GBX 38 ($0.61) in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Investec’s target price would indicate a potential upside of 29.91% from the company’s current price.
Shares of Innovation Group PLC (LON:TIG) traded up 3.42% on Tuesday, hitting GBX 30.25. The stock had a trading volume of 8,900,585 shares. Innovation Group PLC has a one year low of GBX 20.75 and a one year high of GBX 30.75. The stock’s 50-day moving average is GBX 29.41 and its 200-day moving average is GBX 27.48. The company’s market cap is £294.6 million.
Several other analysts have also recently commented on the stock. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Innovation Group PLC (LON:TIG) in a research note to investors on Tuesday. They now have a GBX 34 ($0.55) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of Innovation Group PLC (LON:TIG) in a research note to investors on Monday, September 9th. They now have a GBX 34 ($0.55) price target on the stock.
The Innovation Group plc is a specialist global provider of software and outsourcing solutions to insurers and the associated fleet, automotive and property sectors.
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