IG Group (OTCMKTS:IGGHY) Trading Down 2% – Here’s Why

Shares of IG Group Holdings plc (OTCMKTS:IGGHYGet Free Report) were down 2% on Friday . The stock traded as low as $20.28 and last traded at $21.32. Approximately 3,982 shares traded hands during mid-day trading, an increase of 1,197% from the average daily volume of 307 shares. The stock had previously closed at $21.7505.

Analysts Set New Price Targets

Several research firms have commented on IGGHY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IG Group in a research note on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of IG Group in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Get Our Latest Analysis on IG Group

IG Group Trading Down 2.0%

The company has a 50 day moving average of $23.82 and a two-hundred day moving average of $20.90.

About IG Group

(Get Free Report)

IG Group is a UK-based online trading and financial services firm that offers a broad range of multi-asset solutions to both retail and institutional clients. The company’s core services include spread betting, contracts for difference (CFDs), forex, options, and share trading, all accessible through proprietary web and mobile platforms. IG Group is regulated by the UK Financial Conduct Authority and holds licenses in multiple jurisdictions, ensuring compliance with local market standards and client protections.

Founded in 1974 by entrepreneur Stuart Wheeler, IG Group pioneered the concept of financial spread betting in the UK.

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