Brokerages Set IG Group Holdings plc (IGG) Price Target at $833.50

IG Group Holdings plc (LON:IGG) has received a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 833.50 ($11.52).

A number of analysts recently issued reports on IGG shares. Liberum Capital reissued an “under review” rating on shares of IG Group in a research report on Tuesday, January 23rd. Shore Capital reissued a “hold” rating on shares of IG Group in a research report on Tuesday, January 23rd. Investec upped their target price on IG Group from GBX 841 ($11.62) to GBX 959 ($13.25) and gave the company a “buy” rating in a research report on Thursday. Numis Securities upped their target price on IG Group from GBX 781 ($10.79) to GBX 820 ($11.33) and gave the company a “hold” rating in a research report on Thursday. Finally, Barclays reissued an “overweight” rating and issued a GBX 955 ($13.19) target price on shares of IG Group in a research report on Wednesday, January 24th.

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IG Group stock traded down GBX 4 ($0.06) on Thursday, hitting GBX 837 ($11.56). The stock had a trading volume of 1,374,992 shares, compared to its average volume of 1,280,000. IG Group has a fifty-two week low of GBX 487.82 ($6.74) and a fifty-two week high of GBX 837.50 ($11.57). The stock has a market cap of $3,010.00 and a P/E ratio of 1,579.25.

The company also recently announced a dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 1st were given a GBX 9.69 ($0.13) dividend. The ex-dividend date was Thursday, February 1st. This represents a dividend yield of 1.26%.

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About IG Group

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.

Analyst Recommendations for IG Group (LON:IGG)

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