Numis Securities Increases IG Group (IGG) Price Target to GBX 781
IG Group (LON:IGG) had its price objective increased by Numis Securities from GBX 760 ($10.50) to GBX 781 ($10.79) in a research report report published on Wednesday. The brokerage currently has a hold rating on the stock.
A number of other research analysts have also weighed in on the stock. Liberum Capital reaffirmed an under review rating on shares of IG Group in a research note on Friday, January 12th. Barclays raised their price objective on shares of IG Group from GBX 650 ($8.98) to GBX 920 ($12.71) and gave the company an overweight rating in a research note on Wednesday, January 3rd. Finally, Shore Capital reaffirmed a hold rating on shares of IG Group in a research note on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 778.67 ($10.76).
IG Group (IGG) opened at GBX 806 ($11.14) on Wednesday. IG Group has a 12 month low of GBX 487.82 ($6.74) and a 12 month high of GBX 837.50 ($11.57). The firm has a market cap of $2,950.00 and a price-to-earnings ratio of 1,520.75.
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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.
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