IG Group Holdings Receives Buy Rating from Citigroup Inc. (IGG)
IG Group Holdings (LON:IGG)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, AR Network reports. They currently have a GBX 650 ($10.49) price objective on the stock. Citigroup Inc.’s price target indicates a potential upside of 12.07% from the stock’s previous close.
Shares of IG Group Holdings (LON:IGG) traded down 1.21% on Wednesday, hitting GBX 573.00. The stock had a trading volume of 123,268 shares. IG Group Holdings has a 52-week low of GBX 413.80 and a 52-week high of GBX 615.00. The stock has a 50-day moving average of GBX 577.7 and a 200-day moving average of GBX 565.3. The company’s market cap is £2.084 billion.
IGG has been the subject of a number of other recent research reports. Analysts at Prime Markets reiterated a “buy” rating on shares of IG Group Holdings (LON:IGG) in a research note to investors on Tuesday, September 17th. They now have a GBX 615 ($9.92) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of IG Group Holdings (LON:IGG) in a research note to investors on Tuesday, September 17th. They now have a GBX 666 ($10.75) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of IG Group Holdings (LON:IGG) in a research note to investors on Tuesday, September 17th. They now have a GBX 665 ($10.73) price target on the stock. Nine equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 651.78 ($10.52).
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.
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