IG Group Holdings plc (IGG) Receives GBX 693.50 Consensus Price Target from Analysts
IG Group Holdings plc (LON:IGG) has received a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 693.50 ($9.33).
IGG has been the subject of a number of research analyst reports. Numis Securities Ltd reissued an “add” rating and set a GBX 598 ($8.04) price target on shares of IG Group Holdings plc in a research note on Friday, June 30th. Shore Capital reissued a “hold” rating on shares of IG Group Holdings plc in a research note on Wednesday, May 31st. Liberum Capital reissued an “under review” rating on shares of IG Group Holdings plc in a research note on Wednesday, May 31st. Finally, Citigroup Inc. reissued a “neutral” rating and set a GBX 600 ($8.07) price target on shares of IG Group Holdings plc in a research note on Thursday, July 27th.
Shares of IG Group Holdings plc (IGG) traded up 2.05% during mid-day trading on Friday, reaching GBX 641.00. The company’s stock had a trading volume of 713,217 shares. IG Group Holdings plc has a 52-week low of GBX 441.70 and a 52-week high of GBX 900.00. The company has a 50-day moving average price of GBX 643.88 and a 200 day moving average price of GBX 576.32. The company’s market cap is GBX 2.35 billion.
The company also recently disclosed a dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 28th will be issued a dividend of GBX 22.88 ($0.31) per share. This is an increase from IG Group Holdings plc’s previous dividend of $9.42. This represents a yield of 3.54%. The ex-dividend date of this dividend is Thursday, September 28th.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/28/ig-group-holdings-plc-igg-receives-gbx-693-50-consensus-price-target-from-analysts.html.
In other news, insider Paul Mainwaring acquired 286 shares of IG Group Holdings plc stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of GBX 628 ($8.45) per share, for a total transaction of £1,796.08 ($2,415.38).
IG Group Holdings plc Company Profile
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.
Receive News & Stock Ratings for IG Group Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Group Holdings plc and related stocks with our FREE daily email newsletter.