A number of other analysts have also recently weighed in on the stock. Numis Securities lifted their price objective on shares of IG Group from GBX 760 ($10.88) to GBX 781 ($11.18) and gave the company a hold rating in a research report on Wednesday, March 14th. Shore Capital reiterated a hold rating on shares of IG Group in a research report on Tuesday, January 30th. Finally, Barclays reiterated an overweight rating and issued a GBX 955 ($13.67) price objective on shares of IG Group in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. IG Group has an average rating of Hold and a consensus price target of GBX 833.50 ($11.93).
LON:IGG traded down GBX 44 ($0.63) during mid-day trading on Thursday, hitting GBX 775 ($11.10). The stock had a trading volume of 2,034,188 shares, compared to its average volume of 1,280,000. IG Group has a twelve month low of GBX 487.82 ($6.98) and a twelve month high of GBX 837.50 ($11.99).
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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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