IG Group Holdings plc (IGG) Insider Paul Mainwaring Buys 30,000 Shares of Stock

IG Group Holdings plc (LON:IGG) insider Paul Mainwaring purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were purchased at an average price of GBX 849 ($10.35) per share, with a total value of £254,700 ($310,420.48).

IG Group Holdings plc (LON:IGG) opened at 833.00 on Wednesday. IG Group Holdings plc has a 1-year low of GBX 696.00 and a 1-year high of GBX 967.64. The firm’s 50-day moving average price is GBX 899.49 and its 200-day moving average price is GBX 838.94. The firm’s market cap is GBX 3.05 billion.

IGG has been the subject of several research reports. Barclays PLC reiterated an “overweight” rating and set a GBX 900 ($10.97) price target on shares of IG Group Holdings plc in a research report on Thursday, June 30th. FinnCap reissued a “sell” rating on shares of IG Group Holdings plc in a research note on Friday, July 8th. Numis Securities Ltd reissued a “hold” rating and set a GBX 794 ($9.68) price objective on shares of IG Group Holdings plc in a research note on Tuesday, July 19th. Shore Capital reissued a “sell” rating on shares of IG Group Holdings plc in a research note on Tuesday, July 19th. Finally, Royal Bank Of Canada boosted their price objective on IG Group Holdings plc from GBX 815 ($9.93) to GBX 865 ($10.54) and gave the stock a “sector perform” rating in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 889 ($10.83).

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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