IG Group (IGG) Given Buy Rating at Numis Securities

Numis Securities reissued their buy rating on shares of IG Group (LON:IGG) in a research note published on Tuesday. They currently have a GBX 980 ($12.81) target price on the stock.

IGG has been the subject of several other reports. Barclays reissued an overweight rating on shares of IG Group in a report on Friday, September 21st. Shore Capital reissued a hold rating on shares of IG Group in a report on Thursday, September 27th. Finally, Citigroup boosted their price objective on shares of IG Group from GBX 520 ($6.79) to GBX 850 ($11.11) and gave the company a neutral rating in a report on Friday, September 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 957.25 ($12.51).

IGG opened at GBX 610.50 ($7.98) on Tuesday. IG Group has a twelve month low of GBX 487.82 ($6.37) and a twelve month high of GBX 837.50 ($10.94).

In related news, insider Paul Mainwaring sold 29,765 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of GBX 889 ($11.62), for a total transaction of £264,610.85 ($345,760.94).

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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Analyst Recommendations for IG Group (LON:IGG)

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