Shares of IG Group Holdings plc (LON:IGG) have received a consensus recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 668.80 ($8.74).
A number of equities analysts have recently issued reports on the company. Shore Capital reiterated a “buy” rating on shares of IG Group in a report on Thursday, September 19th. Peel Hunt restated a “buy” rating on shares of IG Group in a report on Monday, September 16th. Finally, Barclays restated an “overweight” rating and set a GBX 780 ($10.19) target price on shares of IG Group in a report on Friday, September 20th.
In related news, insider June Felix bought 7,800 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of GBX 626 ($8.18) per share, for a total transaction of £48,828 ($63,802.43).
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.
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