IG Group Holdings plc Receives Average Rating of “Buy” from Brokerages (LON:IGG)
IG Group Holdings plc (LON:IGG) has earned an average rating of “Buy” from the nine analysts that are presently covering the stock, ARN reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 671.44 ($11.44).
Shares of IG Group Holdings plc (LON:IGG) traded up 1.65% during mid-day trading on Monday, hitting GBX 584.50. 215,594 shares of the company’s stock traded hands. IG Group Holdings plc has a 52-week low of GBX 545.50 and a 52-week high of GBX 656.00. The stock has a 50-day moving average of GBX 593.5 and a 200-day moving average of GBX 615.1. The company’s market cap is £2.130 billion.
A number of analysts have recently weighed in on IGG shares. Analysts at Canaccord Genuity cut their price target on shares of IG Group Holdings plc from GBX 711 ($12.11) to GBX 659 ($11.22) in a research note on Monday, June 16th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of IG Group Holdings plc in a research note on Tuesday, June 3rd. They now have a GBX 700 ($11.92) price target on the stock.
IG Group Holdings plc is a United Kingdom-based company which provides retail traders with access to the financial markets.
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