IG Group (IGG) Given New GBX 781 Price Target at Numis Securities
IG Group (LON:IGG) had its price target raised by research analysts at Numis Securities from GBX 760 ($10.50) to GBX 781 ($10.79) in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Numis Securities’ price objective indicates a potential downside of 6.30% from the company’s current price.
Several other brokerages also recently weighed in on IGG. Barclays reaffirmed an “overweight” rating and set a GBX 955 ($13.19) target price on shares of IG Group in a research note on Wednesday, January 24th. Liberum Capital reaffirmed an “under review” rating on shares of IG Group in a research note on Tuesday, January 23rd. Finally, Shore Capital reaffirmed a “hold” rating on shares of IG Group in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 778.67 ($10.76).
Shares of IG Group (LON:IGG) opened at GBX 833.50 ($11.52) on Wednesday. The firm has a market capitalization of $3,020.00 and a price-to-earnings ratio of 1,572.64. IG Group has a 12 month low of GBX 487.82 ($6.74) and a 12 month high of GBX 831.50 ($11.49).
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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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