IG Group Holdings plc (LON:IGG – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,536.24 and traded as high as GBX 1,791. IG Group shares last traded at GBX 1,773, with a volume of 649,316 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have commented on IGG shares. Royal Bank Of Canada boosted their target price on IG Group from GBX 1,600 to GBX 1,850 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised their price target on IG Group from GBX 1,650 to GBX 1,750 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,250 price target on shares of IG Group in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,288.
Get Our Latest Research Report on IGG
IG Group Trading Down 0.3%
IG Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, April 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
About IG Group
IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.
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