IG Group Holdings plc (IGG) Given Consensus Recommendation of “Hold” by Analysts
IG Group Holdings plc (LON:IGG) has received an average rating of “Hold” from the seven analysts that are currently covering the company. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 889 ($10.83).
A number of analysts have recently issued reports on the stock. Numis Securities Ltd reissued a “hold” rating and issued a GBX 794 ($9.68) price objective on shares of IG Group Holdings plc in a research note on Tuesday, September 20th. Barclays PLC increased their price objective on shares of IG Group Holdings plc from GBX 900 ($10.97) to GBX 950 ($11.58) and gave the stock an “overweight” rating in a research note on Wednesday, July 20th. Shore Capital reissued a “sell” rating on shares of IG Group Holdings plc in a research note on Tuesday, July 19th. Royal Bank Of Canada increased their price objective on shares of IG Group Holdings plc from GBX 815 ($9.93) to GBX 865 ($10.54) and gave the stock a “sector perform” rating in a research note on Wednesday, July 20th. Finally, Liberum Capital restated a “buy” rating and set a GBX 986 ($12.02) target price on shares of IG Group Holdings plc in a research report on Tuesday, September 20th.
In other IG Group Holdings plc news, insider Paul Mainwaring acquired 30,000 shares of the stock in a transaction on Monday, October 17th. The stock was acquired at an average price of GBX 849 ($10.35) per share, for a total transaction of £254,700 ($310,420.48). Also, insider Hetherington,Peter G acquired 204 shares of the stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average price of GBX 880 ($10.73) per share, with a total value of £1,795.20 ($2,187.93).
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IG Group Holdings plc (LON:IGG) traded down 0.42% during trading on Tuesday, hitting GBX 833.00. 741,104 shares of the company’s stock were exchanged. The company’s market cap is GBX 3.05 billion. The firm has a 50 day moving average price of GBX 899.49 and a 200 day moving average price of GBX 838.94. IG Group Holdings plc has a 52-week low of GBX 696.00 and a 52-week high of GBX 967.64.
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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