Shares of IG Group (LON:IGG) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 833.50 ($11.78).
Several analysts have recently weighed in on IGG shares. Numis Securities lowered shares of IG Group to a “hold” rating and set a GBX 697 ($9.85) price objective for the company. in a report on Monday, December 18th. Barclays raised their price objective on shares of IG Group from GBX 650 ($9.19) to GBX 920 ($13.00) and gave the stock an “overweight” rating in a report on Wednesday, January 3rd. Liberum Capital reaffirmed an “under review” rating on shares of IG Group in a report on Friday, January 12th. Finally, Shore Capital reaffirmed a “hold” rating on shares of IG Group in a report on Tuesday, January 23rd.
LON IGG opened at GBX 820 ($11.59) on Monday. IG Group has a 1-year low of GBX 487.82 ($6.89) and a 1-year high of GBX 837.50 ($11.84).
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About IG Group
IG Group Holdings plc engages in online trading business worldwide. The company, through its platform, offers contracts for difference, which are derivatives that enable clients to take the advantage of changes in an asset's price without owning the asset itself; and financial spread betting services.
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