IG Group Holdings plc’s (IGG) Hold Rating Reiterated at Shore Capital
IG Group Holdings plc (LON:IGG)‘s stock had its “hold” rating reissued by stock analysts at Shore Capital in a note issued to investors on Thursday.
Other research analysts have also issued research reports about the stock. Numis Securities Ltd restated a “hold” rating and set a GBX 598 ($8.06) price target on shares of IG Group Holdings plc in a research note on Tuesday, July 18th. Citigroup Inc. restated a “neutral” rating and set a GBX 600 ($8.09) price target on shares of IG Group Holdings plc in a research note on Thursday, July 27th. Finally, Liberum Capital restated an “under review” rating on shares of IG Group Holdings plc in a research note on Wednesday, May 31st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 668.75 ($9.02).
IG Group Holdings plc (LON IGG) opened at 629.50 on Thursday. IG Group Holdings plc has a 12-month low of GBX 441.70 and a 12-month high of GBX 914.50. The company’s 50 day moving average is GBX 643.88 and its 200 day moving average is GBX 576.32. The firm’s market cap is GBX 2.31 billion.
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In other IG Group Holdings plc news, insider Paul Mainwaring purchased 286 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of GBX 628 ($8.47) per share, for a total transaction of £1,796.08 ($2,421.57).
About IG Group Holdings plc
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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