IG Group (IGG) Price Target Raised to GBX 820

IG Group (LON:IGG) had its target price increased by Numis Securities from GBX 781 ($10.79) to GBX 820 ($11.33) in a research note released on Thursday morning. They currently have a hold rating on the stock.

A number of other brokerages have also weighed in on IGG. Liberum Capital reaffirmed an under review rating on shares of IG Group in a research note on Thursday. Shore Capital reaffirmed a hold rating on shares of IG Group in a research note on Thursday. Finally, Barclays reaffirmed an overweight rating and issued a GBX 955 ($13.19) price target on shares of IG Group in a research note on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. IG Group currently has an average rating of Hold and a consensus target price of GBX 833.50 ($11.52).

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IG Group stock opened at GBX 829 ($11.45) on Thursday. IG Group has a one year low of GBX 487.82 ($6.74) and a one year high of GBX 837.50 ($11.57). The firm has a market cap of $3,010.00 and a P/E ratio of 1,564.15.

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

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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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