IG Group’s (IGG) “Overweight” Rating Reaffirmed at Barclays

IG Group (LON:IGG)‘s stock had its “overweight” rating restated by Barclays in a research report issued on Wednesday. They presently have a GBX 1,040 ($13.59) price objective on the stock. Barclays’ price objective suggests a potential upside of 67.31% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Shore Capital reaffirmed a “hold” rating on shares of IG Group in a research report on Tuesday, July 24th. Numis Securities raised IG Group to an “add” rating and boosted their target price for the stock from GBX 931 ($12.17) to GBX 980 ($12.81) in a research report on Tuesday, July 24th. Finally, Citigroup boosted their target price on IG Group from GBX 520 ($6.79) to GBX 850 ($11.11) and gave the stock a “neutral” rating in a research report on Friday, September 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. IG Group presently has a consensus rating of “Buy” and a consensus target price of GBX 957.25 ($12.51).

Shares of IG Group stock opened at GBX 621.60 ($8.12) on Wednesday. IG Group has a 12-month low of GBX 487.82 ($6.37) and a 12-month high of GBX 837.50 ($10.94).

In other news, insider Paul Mainwaring sold 29,765 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of GBX 889 ($11.62), for a total transaction of £264,610.85 ($345,760.94).

About IG Group

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Analyst Recommendations for IG Group (LON:IGG)

Receive News & Ratings for IG Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IG Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply