IG Group Holdings plc (IGG) Receives “Under Review” Rating from Liberum Capital
IG Group Holdings plc (LON:IGG)‘s stock had its “under review” rating reiterated by analysts at Liberum Capital in a research note issued to investors on Thursday.
Other research analysts have also issued research reports about the company. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 598 ($8.06) target price on shares of IG Group Holdings plc in a report on Tuesday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 600 ($8.09) target price on shares of IG Group Holdings plc in a report on Thursday, July 27th. Finally, Shore Capital reaffirmed a “hold” rating on shares of IG Group Holdings plc in a report on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 693.50 ($9.35).
Shares of IG Group Holdings plc (IGG) traded up 1.54% during midday trading on Thursday, reaching GBX 658.00. 938,072 shares of the company’s stock were exchanged. IG Group Holdings plc has a 12 month low of GBX 441.70 and a 12 month high of GBX 914.50. The firm has a 50 day moving average price of GBX 643.88 and a 200 day moving average price of GBX 576.32. The company’s market cap is GBX 2.41 billion.
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In related news, insider Paul Mainwaring bought 286 shares of IG Group Holdings plc stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of GBX 628 ($8.47) per share, with a total value of £1,796.08 ($2,421.57).
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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