IG Group Holdings plc (IGG) Rating Reiterated by Barclays PLC
IG Group Holdings plc (LON:IGG)‘s stock had its “overweight” rating reissued by research analysts at Barclays PLC in a research report issued to clients and investors on Monday. They presently have a GBX 950 ($12.40) price target on the stock. Barclays PLC’s price objective points to a potential upside of 9.07% from the stock’s previous close.
Several other brokerages also recently issued reports on IGG. Numis Securities Ltd restated a “hold” rating and set a GBX 794 ($10.36) price objective on shares of IG Group Holdings plc in a research report on Tuesday, September 20th. Liberum Capital reiterated a “buy” rating and issued a GBX 986 ($12.87) price target on shares of IG Group Holdings plc in a research report on Tuesday, September 20th. Royal Bank Of Canada lifted their price target on shares of IG Group Holdings plc from GBX 815 ($10.64) to GBX 865 ($11.29) and gave the company a “sector perform” rating in a research report on Wednesday, July 20th. Shore Capital reiterated a “sell” rating on shares of IG Group Holdings plc in a research report on Tuesday, July 19th. Finally, FinnCap reiterated a “sell” rating on shares of IG Group Holdings plc in a research report on Friday, July 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 889 ($11.60).
Shares of IG Group Holdings plc (LON:IGG) opened at 871.1493 on Monday. The company’s market capitalization is GBX 3.19 billion. The company’s 50-day moving average price is GBX 925.95 and its 200-day moving average price is GBX 832.24. IG Group Holdings plc has a 52-week low of GBX 696.00 and a 52-week 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 paid a GBX 22.95 ($0.30) dividend. This represents a yield of 2.7%. This is a boost from IG Group Holdings plc’s previous dividend of $8.45. The ex-dividend date of this dividend is Thursday, September 29th.
In other news, insider Hetherington,Peter G acquired 204 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average cost of GBX 880 ($11.49) per share, with a total value of £1,795.20 ($2,343.30).
IG Group Holdings plc Company Profile
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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