IG Group Holdings plc (IGG) Receives GBX 744.83 Consensus PT from Analysts
Shares of IG Group Holdings plc (LON:IGG) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 744.83 ($9.73).
Several brokerages have recently weighed in on IGG. Peel Hunt decreased their price objective on IG Group from GBX 775 ($10.13) to GBX 620 ($8.10) and set a “buy” rating for the company in a report on Friday, April 5th. Liberum Capital restated a “hold” rating on shares of IG Group in a report on Thursday, March 21st. Shore Capital restated a “buy” rating on shares of IG Group in a report on Thursday, March 21st. Royal Bank of Canada began coverage on IG Group in a report on Tuesday, February 26th. They issued an “outperform” rating and a GBX 720 ($9.41) price objective for the company. Finally, Canaccord Genuity restated a “sell” rating and issued a GBX 519 ($6.78) price objective on shares of IG Group in a report on Tuesday, January 22nd.
In other news, insider June Felix bought 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The stock was acquired at an average cost of GBX 586 ($7.66) per share, for a total transaction of £99,620 ($130,171.17).
IG Group (LON:IGG) last announced its quarterly earnings data on Tuesday, January 22nd. The company reported GBX 24.90 ($0.33) earnings per share for the quarter. On average, analysts forecast that IG Group will post 5202.99980328073 earnings per share for the current fiscal year.
IG Group Company Profile
IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.
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