Numis Securities Ltd Reaffirms “Hold” Rating for IG Group Holdings plc (IGG)
IG Group Holdings plc (LON:IGG)‘s stock had its “hold” rating restated by stock analysts at Numis Securities Ltd in a note issued to investors on Friday. They presently have a GBX 794 ($10.36) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 8.21% from the company’s current price.
A number of other equities analysts have also weighed in on IGG. Royal Bank Of Canada boosted their price objective on IG Group Holdings plc from GBX 800 ($10.44) to GBX 815 ($10.64) and gave the stock a “sector performer” rating in a research note on Friday, June 3rd. Shore Capital restated a “sell” rating on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Barclays PLC lifted their target price on IG Group Holdings plc from GBX 900 ($11.75) to GBX 950 ($12.40) and gave the company an “overweight” rating in a research report on Wednesday, July 20th. Liberum Capital restated a “buy” rating and issued a GBX 986 ($12.87) target price on shares of IG Group Holdings plc in a research report on Tuesday, September 20th. Finally, FinnCap restated a “sell” rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 889 ($11.60).
Shares of IG Group Holdings plc (LON:IGG) opened at 862.00 on Friday. The company’s market cap is GBX 3.15 billion. The company’s 50-day moving average price is GBX 926.25 and its 200-day moving average price is GBX 831.08. IG Group Holdings plc has a 12 month low of GBX 696.00 and a 12 month high of GBX 967.64.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, September 29th will be issued a GBX 22.95 ($0.30) dividend. This represents a dividend yield of 2.7%. The ex-dividend date is Thursday, September 29th. This is an increase from IG Group Holdings plc’s previous dividend of $8.45.
In other news, insider Hetherington,Peter G acquired 204 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average price of GBX 880 ($11.49) per share, for a total transaction 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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