IG Group Holdings plc’s “Overweight” Rating Reaffirmed at Barclays (IGG)
IG Group Holdings plc (LON:IGG)‘s stock had its “overweight” rating reiterated by Barclays in a research note issued on Friday. They currently have a GBX 719 ($12.02) price target on the stock. Barclays’ price objective would indicate a potential upside of 16.25% from the stock’s previous close.
IG Group Holdings plc (LON:IGG) opened at 599.50 on Friday. IG Group Holdings plc has a 1-year low of GBX 551.50 and a 1-year high of GBX 656.00. The stock’s 50-day moving average is GBX 604.6 and its 200-day moving average is GBX 613.2. The company’s market cap is £2.188 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, November 18th. Shareholders of record on Thursday, October 23rd will be given a dividend of GBX 22.40 ($0.37) per share. This represents a yield of 3.62%. The ex-dividend date of this dividend is Thursday, October 23rd.
IGG has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of IG Group Holdings plc in a research note on Tuesday. They now have a GBX 650 ($10.87) price target 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, August 5th. They now have a GBX 700 ($11.70) price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 679.11 ($11.35).
IG Group Holdings plc is a United Kingdom-based company which provides retail traders with access to the financial markets.
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