IG Group Holdings plc’s (IGG) Overweight Rating Reiterated at Barclays PLC
A number of other analysts have also weighed in on the company. Liberum Capital upgraded IG Group Holdings plc to a buy rating and increased their target price for the stock from GBX 770 ($10.05) to GBX 986 ($12.87) in a research note on Tuesday, August 16th. FinnCap reiterated a sell rating on shares of IG Group Holdings plc in a research note on Friday, July 8th. Royal Bank Of Canada increased their target price 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 note on Wednesday, July 20th. Numis Securities Ltd reiterated a hold rating and issued a GBX 794 ($10.36) target price on shares of IG Group Holdings plc in a research note on Tuesday, July 19th. Finally, Shore Capital reiterated a sell rating on shares of IG Group Holdings plc in a research note on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. IG Group Holdings plc presently has a consensus rating of Hold and an average target price of GBX 889 ($11.60).
IG Group Holdings plc (LON:IGG) opened at 879.50 on Monday. The stock has a 50 day moving average price of GBX 920.15 and a 200 day moving average price of GBX 835.41. IG Group Holdings plc has a 52-week low of GBX 696.00 and a 52-week high of GBX 967.64. The stock’s market cap is GBX 3.22 billion.
The company also recently declared a dividend, which will be paid on Friday, October 28th. Stockholders 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 dividend yield of 2.7%.
In other news, insider Hetherington,Peter G purchased 204 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of GBX 880 ($11.49) per share, with a total value 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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