Barclays PLC Reaffirms Overweight Rating for IG Group Holdings plc (IGG)
IG Group Holdings plc (LON:IGG)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a research report issued to clients and investors on Wednesday. They presently have a GBX 950 ($12.40) target price on the stock. Barclays PLC’s price target would suggest a potential upside of 5.15% from the company’s previous close.
Several other equities research analysts have also commented on IGG. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 794 ($10.36) price objective on shares of IG Group Holdings plc in a research report on Tuesday. Liberum Capital reiterated a “buy” rating and issued a GBX 986 ($12.87) price objective on shares of IG Group Holdings plc in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on shares of IG Group Holdings plc from GBX 815 ($10.64) to GBX 865 ($11.29) and gave the stock a “sector perform” rating in a research report on Wednesday, July 20th. Shore Capital reiterated a “sell” rating on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Finally, FinnCap reiterated a “sell” rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 889 ($11.60).
IG Group Holdings plc (LON:IGG) opened at 906.00 on Wednesday. The stock’s market cap is GBX 3.31 billion. The firm’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 52 week low of GBX 696.00 and a 52 week high of GBX 967.64.
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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 paid a GBX 22.95 ($0.30) dividend. This is an increase from IG Group Holdings plc’s previous dividend of $8.45. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 2.7%.
In other news, insider Hetherington,Peter G bought 204 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased 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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