Interactive Brokers Group PT Raised to $27.00 (IBKR)
Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group (NASDAQ:IBKR) from $26.00 to $27.00 in a research note issued on Friday. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 18.63% from the company’s current price.
In other Interactive Brokers Group news, SVP Milan Galik sold 1,800 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $23.91, for a total transaction of $43,038.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on IBKR. Analysts at Zacks downgraded shares of Interactive Brokers Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $24.50 price target on the stock. Finally, analysts at TheStreet upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 0.26% on Friday, hitting $22.82. The stock had a trading volume of 42,296 shares. Interactive Brokers Group has a 52-week low of $15.90 and a 52-week high of $25.03. The stock has a 50-day moving average of $23.25 and a 200-day moving average of $22.70. The company has a market cap of $1.247 billion and a P/E ratio of 24.34. Interactive Brokers Group also saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 599,828 shares, a drop of 34.3% from the June 13th total of 913,054 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 453,553 shares, the short-interest ratio is presently 1.3 days.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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