IG Group (IGG) Stock Rating Reaffirmed by Barclays

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IG Group (LON:IGG)‘s stock had its “overweight” rating reissued by Barclays in a research note issued to investors on Wednesday. They currently have a GBX 1,000 ($13.07) price objective on the stock. Barclays’ price objective indicates a potential upside of 79.69% from the company’s current price.

Several other equities analysts have also issued reports on IGG. Numis Securities restated an “add” rating on shares of IG Group in a research report on Thursday, September 20th. Shore Capital restated a “hold” rating on shares of IG Group in a research report on Thursday, September 27th. Finally, Citigroup boosted their target price on IG Group from GBX 520 ($6.79) to GBX 850 ($11.11) and gave the stock a “neutral” rating in a research report on Friday, September 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 947.25 ($12.38).

IG Group stock opened at GBX 556.50 ($7.27) on Wednesday. IG Group has a 1 year low of GBX 487.82 ($6.37) and a 1 year high of GBX 837.50 ($10.94).

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.

Further Reading: Hedge Funds

Analyst Recommendations for IG Group (LON:IGG)

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