IG Group Holdings plc (LON:IGG) Receives Consensus Rating of “Hold” from Analysts
Shares of IG Group Holdings plc (LON:IGG) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 668.75 ($8.82).
Several research analysts have recently commented on IGG shares. Numis Securities Ltd reiterated an “add” rating and set a GBX 598 ($7.89) price target on shares of IG Group Holdings plc in a report on Friday, June 30th. Shore Capital reiterated a “hold” rating on shares of IG Group Holdings plc in a report on Tuesday, July 18th. Citigroup Inc. reiterated a “neutral” rating and set a GBX 600 ($7.91) price target on shares of IG Group Holdings plc in a report on Thursday, July 27th. Finally, Liberum Capital reiterated an “under review” rating on shares of IG Group Holdings plc in a report on Wednesday, May 31st.
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Shares of IG Group Holdings plc (LON IGG) traded up 0.47% during midday trading on Friday, hitting GBX 638.50. 335,396 shares of the stock traded hands. IG Group Holdings plc has a 12-month low of GBX 441.70 and a 12-month high of GBX 967.64. The company’s 50 day moving average price is GBX 586.66 and its 200-day moving average price is GBX 548.11. The stock’s market cap is GBX 2.34 billion.
The business also recently declared a dividend, which will be paid on Friday, October 27th. Stockholders of record on Thursday, September 28th will be issued a dividend of GBX 22.88 ($0.30) per share. This represents a dividend yield of 3.54%. The ex-dividend date is Thursday, September 28th. This is a positive change from IG Group Holdings plc’s previous dividend of $9.42.
In related news, insider Paul Mainwaring purchased 286 shares of IG Group Holdings plc stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of GBX 628 ($8.28) per share, for a total transaction of £1,796.08 ($2,369.19).
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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