Numis Securities Ltd Reiterates Add Rating for IG Group Holdings plc (IGG)
IG Group Holdings plc (LON:IGG)‘s stock had its “add” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 665 ($11.36) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 8.22% from the company’s current price.
IG Group Holdings plc (LON:IGG) traded up 7.36% on Tuesday, hitting GBX 617.3066. The stock had a trading volume of 1,429,162 shares. 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 580.3 and a 200-day moving average of GBX 614.1. The company’s market cap is £2.250 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, November 18th. Stockholders of record on Thursday, October 23rd will be paid a dividend of GBX 22.40 ($0.38) per share. This represents a dividend yield of 3.62%. The ex-dividend date is Thursday, October 23rd.
IGG has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of IG Group Holdings plc in a research note on Thursday, July 10th. Separately, analysts at Canaccord Genuity cut their price target on shares of IG Group Holdings plc from GBX 711 ($12.15) to GBX 659 ($11.26) in a research note on Monday, June 16th. They now have a “buy” rating on the stock. Finally, 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 ($11.96) price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 674.13 ($11.52).
IG Group Holdings plc is a United Kingdom-based company which provides retail traders with access to the financial markets.
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