IG Group Holdings plc’s (IGG) “Buy” Rating Reiterated at Liberum Capital
IG Group Holdings plc (LON:IGG)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a note issued to investors on Tuesday. They presently have a GBX 986 ($12.87) price objective on the stock. Liberum Capital’s price objective suggests a potential upside of 9.13% from the stock’s previous close.
IGG has been the topic of a number of other research reports. Shore Capital restated a “sell” rating on shares of IG Group Holdings plc in a research report on Tuesday, May 31st. Barclays PLC raised their target price on shares of IG Group Holdings plc from GBX 900 ($11.75) to GBX 950 ($12.40) and gave the company an “overweight” rating in a research report on Wednesday, July 20th. Royal Bank Of Canada raised 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 report on Friday, June 3rd. Numis Securities Ltd restated a “hold” rating and issued a GBX 794 ($10.36) target price on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Finally, FinnCap restated a “sell” rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Two investment 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’s stock. IG Group Holdings plc has a consensus rating of “Hold” and a consensus price target of GBX 889 ($11.60).
IG Group Holdings plc (LON:IGG) traded down 2.43% during mid-day trading on Tuesday, hitting GBX 903.50. 2,201,317 shares of the company were exchanged. The company’s market capitalization is GBX 3.30 billion. The company’s 50-day moving average is GBX 928.53 and its 200 day moving average is GBX 825.89. IG Group Holdings plc has a 12-month low of GBX 696.00 and a 12-month high of GBX 967.64.
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The firm also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, September 29th will be issued a dividend of GBX 22.95 ($0.30) per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from IG Group Holdings plc’s previous dividend of $8.45.
In other news, insider Hetherington,Peter G bought 204 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average price of GBX 880 ($11.49) per share, with a total value of £1,795.20 ($2,343.30).
IG Group Holdings plc Company Profile
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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