IG Group Holdings plc (IGG) Receives “Hold” Rating from Numis Securities Ltd
IG Group Holdings plc (LON:IGG)‘s stock had its “hold” rating reiterated by Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 794 ($10.36) target price on the stock. Numis Securities Ltd’s target price suggests a potential downside of 14.25% from the company’s current price.
A number of other equities research analysts have also weighed in on IGG. Shore Capital reiterated a “sell” rating on shares of IG Group Holdings plc in a research note on Tuesday, May 31st. Royal Bank Of Canada boosted their target price on shares of IG Group Holdings plc from GBX 800 ($10.44) to GBX 815 ($10.64) and gave the company a “sector performer” rating in a research note on Friday, June 3rd. Barclays PLC reiterated an “overweight” rating and set a GBX 900 ($11.75) target price on shares of IG Group Holdings plc in a research note on Thursday, June 30th. FinnCap reissued a “sell” rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Finally, Liberum Capital raised shares of IG Group Holdings plc to a “buy” rating and boosted their price objective for the company from GBX 770 ($10.05) to GBX 986 ($12.87) in a research report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. IG Group Holdings plc presently has a consensus rating of “Hold” and an average target price of GBX 889 ($11.60).
Shares of IG Group Holdings plc (LON:IGG) opened at 893.75 on Tuesday. The company has a 50 day moving average price of GBX 928.41 and a 200-day moving average price of GBX 824.05. IG Group Holdings plc has a 12 month low of GBX 696.00 and a 12 month high of GBX 967.64. The stock’s market cap is GBX 3.27 billion.
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The company also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 29th will be issued a GBX 22.95 ($0.30) dividend. The ex-dividend date is Thursday, September 29th. This represents a yield of 2.7%. This is an increase from IG Group Holdings plc’s previous dividend of $8.45.
In other news, insider Hetherington,Peter G bought 204 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average price of GBX 880 ($11.49) per share, with a total value of £1,795.20 ($2,343.30).
About IG Group Holdings plc
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company’s segments include UK, Australia, Europe and Rest of World. The Company’s United Kingdom (UK) segment consists of its operations in the UK and Ireland. The Company’s Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland.
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