Barclays reissued their overweight rating on shares of IG Group (LON:IGG) in a report published on Wednesday. The brokerage currently has a GBX 1,000 ($13.07) price objective on the stock.
A number of other research firms have also commented on IGG. Citigroup upped their price target on IG Group from GBX 520 ($6.79) to GBX 850 ($11.11) and gave the company a neutral rating in a research report on Friday, September 28th. Shore Capital raised IG Group to a buy rating in a research report on Tuesday. Finally, Numis Securities reaffirmed an add rating on shares of IG Group in a research report on Thursday, September 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. IG Group presently has an average rating of Buy and a consensus target price of GBX 947.25 ($12.38).
IGG opened at GBX 553 ($7.23) on Wednesday. IG Group has a one year low of GBX 487.82 ($6.37) and a one year high of GBX 837.50 ($10.94).
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.
Further Reading: Are analyst ratings accurate?
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