IG Group Holdings plc (IGG) Given Average Rating of “Hold” by Brokerages
Shares of IG Group Holdings plc (LON:IGG) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 693.50 ($9.21).
A number of brokerages have recently issued reports on IGG. Shore Capital restated a “hold” rating on shares of IG Group Holdings plc in a research report on Thursday, September 21st. Numis Securities Ltd upgraded shares of IG Group Holdings plc to an “add” rating and raised their target price for the stock from GBX 638 ($8.48) to GBX 697 ($9.26) in a research report on Thursday, September 21st. Liberum Capital restated an “under review” rating on shares of IG Group Holdings plc in a research report on Thursday, September 21st. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 600 ($7.97) target price on shares of IG Group Holdings plc in a research report on Thursday, July 27th.
IG Group Holdings plc (LON IGG) traded up 0.16% during mid-day trading on Wednesday, hitting GBX 635.00. 364,576 shares of the stock traded hands. The stock’s market cap is GBX 2.33 billion. The company has a 50 day moving average of GBX 638.28 and a 200-day moving average of GBX 594.18. IG Group Holdings plc has a 12-month low of GBX 441.70 and a 12-month high of GBX 853.00.
In other news, insider Paul Mainwaring acquired 286 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of GBX 628 ($8.34) per share, for a total transaction of £1,796.08 ($2,386.50).
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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