IG Group Holdings plc (IGG) Receives Consensus Rating of “Hold” from Brokerages
IG Group Holdings plc (LON:IGG) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 650.50 ($8.40).
A number of brokerages have weighed in on IGG. Numis Securities Ltd downgraded shares of IG Group Holdings plc to a “hold” rating and set a GBX 605 ($7.81) target price for the company. in a research note on Tuesday, May 9th. Shore Capital raised shares of IG Group Holdings plc to a “hold” rating in a research report on Tuesday, January 24th. Liberum Capital reissued an “under review” rating on shares of IG Group Holdings plc in a research report on Tuesday, January 24th. Citigroup Inc raised their price target on shares of IG Group Holdings plc from GBX 470 ($6.07) to GBX 520 ($6.71) and gave the company a “neutral” rating in a research report on Friday, January 27th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 612 ($7.90) price target on shares of IG Group Holdings plc in a research report on Wednesday, January 25th.
IG Group Holdings plc (LON:IGG) traded up 0.18% during trading on Friday, reaching GBX 565.50. The company’s stock had a trading volume of 601,359 shares. The company has a 50-day moving average of GBX 530.20 and a 200 day moving average of GBX 575.31. The firm’s market cap is GBX 2.07 billion. IG Group Holdings plc has a one year low of GBX 441.70 and a one year high of GBX 967.64.
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About IG Group Holdings plc
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company’s segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking.
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