Numis Securities Ltd Reiterates Hold Rating for IG Group Holdings plc (IGG)
IG Group Holdings plc (LON:IGG)‘s stock had its “hold” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 794 ($10.36) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential downside of 9.52% from the stock’s current price.
Several other research firms also recently issued reports on IGG. FinnCap restated a “sell” rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Shore Capital reiterated a “sell” rating on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Barclays PLC reiterated an “overweight” rating and issued a GBX 950 ($12.40) price objective on shares of IG Group Holdings plc in a research report on Wednesday, September 21st. Royal Bank Of Canada increased their price objective on IG Group Holdings plc from GBX 815 ($10.64) to GBX 865 ($11.29) and gave the stock a “sector perform” rating in a research report on Wednesday, July 20th. Finally, Liberum Capital upgraded IG Group Holdings plc to a “buy” rating and increased their price objective for the stock from GBX 770 ($10.05) to GBX 986 ($12.87) in a research report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. IG Group Holdings plc presently has an average rating of “Hold” and an average target price of GBX 889 ($11.60).
IG Group Holdings plc (LON:IGG) opened at 897.00 on Friday. The firm’s market capitalization is GBX 3.28 billion. IG Group Holdings plc has a one year low of GBX 696.00 and a one year high of GBX 967.64. The firm’s 50-day moving average price is GBX 924.72 and its 200 day moving average price is GBX 834.23.
The company also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, September 29th will be given a dividend of GBX 22.95 ($0.30) per share. This is an increase from IG Group Holdings plc’s previous dividend of $8.45. The ex-dividend date is Thursday, September 29th. This represents a yield of 2.7%.
In other news, insider Hetherington,Peter G purchased 204 shares of the stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average price of GBX 880 ($11.49) per share, for a total transaction of £1,795.20 ($2,343.30).
About IG Group Holdings plc
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company’s segments include UK, Australia, Europe and Rest of World. The Company’s United Kingdom (UK) segment consists of its operations in the UK and Ireland. The Company’s Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland.
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