IG Group (LON:IGG)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Wednesday. They presently have a GBX 1,000 ($13.07) price target on the stock. Barclays’ target price points to a potential upside of 79.69% from the stock’s current price.
IGG has been the topic of several other research reports. Numis Securities restated an “add” rating on shares of IG Group in a research note on Thursday, September 20th. Shore Capital restated a “hold” rating on shares of IG Group in a research note on Tuesday, October 30th. Finally, Citigroup boosted their target price on IG Group from GBX 520 ($6.79) to GBX 850 ($11.11) and gave the company a “neutral” rating in a research note on Friday, September 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 947.25 ($12.38).
LON IGG opened at GBX 556.50 ($7.27) on Wednesday. IG Group has a 52 week low of GBX 487.82 ($6.37) and a 52 week high of GBX 837.50 ($10.94).
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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