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 six ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 668.75 ($8.65).
Several analysts have weighed in on the stock. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 600 ($7.76) price objective on shares of IG Group Holdings plc in a research note on Thursday, July 27th. Numis Securities Ltd reiterated an “add” rating and set a GBX 598 ($7.73) target price on shares of IG Group Holdings plc in a research report on Friday, June 30th. Shore Capital restated a “hold” rating on shares of IG Group Holdings plc in a report on Tuesday, July 18th. Finally, Liberum Capital restated an “under review” rating on shares of IG Group Holdings plc in a report on Wednesday, May 31st.
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In other IG Group Holdings plc news, insider Paul Mainwaring bought 286 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of GBX 628 ($8.12) per share, with a total value of £1,796.08 ($2,322.92).
Shares of IG Group Holdings plc (LON IGG) traded down 1.99% during mid-day trading on Tuesday, reaching GBX 666.00. The company’s stock had a trading volume of 508,722 shares. The firm’s market capitalization is GBX 2.44 billion. IG Group Holdings plc has a 52 week low of GBX 441.70 and a 52 week high of GBX 967.64. The firm has a 50-day moving average of GBX 625.85 and a 200-day moving average of GBX 562.36.
The business also recently disclosed a dividend, which will be paid on Friday, October 27th. Stockholders of record on Thursday, September 28th will be given a dividend of GBX 22.88 ($0.30) per share. This is an increase from IG Group Holdings plc’s previous dividend of $9.42. The ex-dividend date is Thursday, September 28th. This represents a dividend yield of 3.54%.
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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