IG Group Holdings (LON:IGG)‘s stock had its “buy” rating restated by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a GBX 660 ($10.28) price objective on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential upside of 18.07% from the stock’s previous close.
IG Group Holdings (LON:IGG) opened at 562.00 on Thursday. IG Group Holdings has a one year low of GBX 413.80 and a one year high of GBX 615.00. The stock’s 50-day moving average is GBX 580.9 and its 200-day moving average is GBX 555.4. The company’s market cap is £2.044 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of IG Group Holdings in a research note to investors on Monday, August 5th. They now have a GBX 650 ($10.12) price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of IG Group Holdings in a research note to investors on Wednesday, July 24th. They now have a GBX 650 ($10.12) price target on the stock.
One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 655 ($10.20).
IG Group Holdings plc is a United Kingdom-based company. The Company is engaged in derivative trading services, providing financial contracts for difference, spread betting and exchange-traded derivatives to retail investors worldwide.
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