Barclays Reaffirms Overweight Rating for IG Group (IGG)

IG Group (LON:IGG)‘s stock had its “overweight” rating restated by research analysts at Barclays in a research report issued to clients and investors on Wednesday. They currently have a GBX 955 ($12.95) price objective on the stock. Barclays’ price target would suggest a potential upside of 21.12% from the company’s current price.

IGG has been the topic of several other reports. Numis Securities cut IG Group to a “hold” rating and lifted their price target for the company from GBX 697 ($9.45) to GBX 760 ($10.31) in a research report on Tuesday, January 23rd. Liberum Capital reiterated an “under review” rating on shares of IG Group in a research report on Friday, January 12th. Finally, Shore Capital reiterated a “hold” rating on shares of IG Group in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. IG Group presently has a consensus rating of “Hold” and a consensus target price of GBX 771.67 ($10.46).

Shares of IG Group (IGG) traded up GBX 4.50 ($0.06) during mid-day trading on Wednesday, hitting GBX 788.50 ($10.69). The stock had a trading volume of 1,520,000 shares, compared to its average volume of 1,320,000. IG Group has a one year low of GBX 487.82 ($6.62) and a one year high of GBX 815 ($11.05). The firm has a market cap of $2,900.00 and a PE ratio of 1,487.74.

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IG Group 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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