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Despite posting 9% better net revenue for the same period last year shares in IG Group Holdings have a consensus rating of ‘Hold’ by the six analysts that are currently covering its stock, according to a report from MarketBeat. Among the research analysts, four rated Hold for the stock, while one assigned a rating of Buy to the company. Among analysts who issue ratings to the stock in the past year, the average price target is GBX 693.50.
A number of analysts have issued comments recently on the spread betting broker. Shore Capital reassigned its Hold rating for shares in IG Group Holdings back on September 21. Numis Securities pushed their rating up to an Add, increasing their price target to GBX 697 from its original GBX 638 ($8.39), also on September 21. Liberum Capital repeated its Under Review rating on that same date in September, and Citigroup Inc. maintained its Neutral rating, with a price target of GBX 600 for IG Group Holdings back in July.
During trading on Friday, IG Group Holdings traded down by GBX 2.66, finishing at GBX 671.34. The company’s trading volume was low, at 308,553 shares, when its average volume is 644,472. Its 12-month low previously stood at GBX 441.70 and its 12-month high currently stands at 489.50.
IG Group Holdings is a UK-based company that engages in online trading. It provides a contract for different services in more than 17 countries worldwide. The segments of the company include the UK, Europe, Australia and Rest of World. The UK segment is made up of operations in the United Kingdom and Ireland, where it derives revenue as spread betting brokers, offering CFDs, execution-only stockbroking and binary options.
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