IG Group Holdings plc Receives Average Rating of “Buy” from Analysts (LON:IGG)
Shares of IG Group Holdings plc (LON:IGG) have received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, Stock Ratings News reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 674.13 ($11.31).
IG Group Holdings plc (LON:IGG) traded up 0.96% during mid-day trading on Tuesday, hitting GBX 629.00. The stock had a trading volume of 89,424 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 592.9 and a 200-day moving average of GBX 612.. The company’s market cap is £2.296 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, November 18th. Investors 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.
A number of analysts have recently weighed in on IGG shares. Analysts at Liberum Capital reiterated a “hold” rating on shares of IG Group Holdings plc in a research note on Friday. They now have a GBX 650 ($10.90) price target 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, August 5th. They now have a GBX 700 ($11.74) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of IG Group Holdings plc in a research note on Tuesday, July 22nd. They now have a GBX 679 ($11.39) 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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