Numis Securities Ltd Reiterates “Add” Rating for IG Group Holdings plc (IGG)
IG Group Holdings plc (LON:IGG)‘s stock had its “add” rating reaffirmed by analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 598 ($7.61) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 6.88% from the stock’s previous close.
Several other equities analysts have also issued reports on IGG. Shore Capital reaffirmed a “hold” rating on shares of IG Group Holdings plc in a research note on Thursday, March 23rd. Liberum Capital reaffirmed an “under review” rating on shares of IG Group Holdings plc in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 716.20 ($9.11).
Shares of IG Group Holdings plc (LON:IGG) traded up 1.61% during midday trading on Friday, hitting GBX 568.50. 619,576 shares of the company were exchanged. IG Group Holdings plc has a one year low of GBX 441.70 and a one year high of GBX 967.64. The company’s 50 day moving average price is GBX 568.62 and its 200 day moving average price is GBX 531.66. The firm’s market cap is GBX 2.08 billion.
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IG Group Holdings plc Company Profile
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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