Shares of IG Group Holdings plc (LON:IGG) have been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 699 ($9.13).
IGG has been the subject of a number of recent research reports. Peel Hunt reiterated a “buy” rating on shares of IG Group in a research note on Friday. Liberum Capital reiterated a “buy” rating and set a GBX 668 ($8.73) price objective (down previously from GBX 687 ($8.98)) on shares of IG Group in a research note on Tuesday, July 23rd. Numis Securities lowered IG Group to an “add” rating and set a GBX 657 ($8.58) price objective for the company. in a research note on Wednesday, June 12th. Barclays reiterated an “overweight” rating and set a GBX 780 ($10.19) price objective on shares of IG Group in a research note on Thursday, May 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of IG Group in a research note on Tuesday, July 30th.
In other news, insider Paul Mainwaring sold 29,925 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of GBX 565 ($7.38), for a total transaction of £169,076.25 ($220,928.07).
The company also recently disclosed a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, September 26th will be issued a GBX 30.24 ($0.40) dividend. This represents a yield of 5.25%. This is a boost from IG Group’s previous dividend of $12.96. The ex-dividend date is Thursday, September 26th. IG Group’s payout ratio is presently 1.00%.
IG Group Company Profile
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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