IG Group Holdings plc (IGG) Receives GBX 668.75 Average Target Price from Brokerages
IG Group Holdings plc (LON:IGG) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 668.75 ($8.82).
Several equities research analysts recently weighed in on IGG shares. Citigroup Inc. restated a “neutral” rating and set a GBX 600 ($7.91) target price on shares of IG Group Holdings plc in a report on Thursday, July 27th. Numis Securities Ltd restated an “add” rating and set a GBX 598 ($7.89) target price on shares of IG Group Holdings plc in a report on Friday, June 30th. Shore Capital restated a “hold” rating on shares of IG Group Holdings plc in a report on Tuesday, July 18th. Finally, Liberum Capital restated an “under review” rating on shares of IG Group Holdings plc in a report on Wednesday, May 31st.
Shares of IG Group Holdings plc (LON IGG) opened at 633.00 on Friday. IG Group Holdings plc has a 52 week low of GBX 441.70 and a 52 week high of GBX 967.64. The stock’s 50 day moving average price is GBX 586.66 and its 200-day moving average price is GBX 548.11. The firm’s market capitalization is GBX 2.32 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 28th will be issued a GBX 22.88 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a yield of 3.54%. This is a boost from IG Group Holdings plc’s previous dividend of $9.42.
In other IG Group Holdings plc news, insider Paul Mainwaring acquired 286 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of GBX 628 ($8.28) per share, for a total transaction of £1,796.08 ($2,369.19).
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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