IG Group (IGG) Rating Reiterated by Barclays

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Barclays reaffirmed their overweight rating on shares of IG Group (LON:IGG) in a report published on Friday, September 21st.

Other equities analysts have also issued research reports about the company. Shore Capital restated a hold rating on shares of IG Group in a research note on Tuesday, July 24th. Numis Securities restated an add rating on shares of IG Group in a research note on Thursday, September 20th. Finally, Liberum Capital lowered IG Group to an under review rating in a research note on Friday, June 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 957.25 ($12.51).

IGG traded up GBX 0.50 ($0.01) during trading on Friday, reaching GBX 600 ($7.84). The company had a trading volume of 1,494,641 shares, compared to its average volume of 1,280,000. IG Group has a 52 week low of GBX 487.82 ($6.37) and a 52 week high of GBX 837.50 ($10.94).

The business also recently announced a dividend, which will be paid on Friday, October 26th. Shareholders of record on Thursday, September 27th will be paid a GBX 33.51 ($0.44) dividend. This represents a yield of 3.92%. The ex-dividend date is Thursday, September 27th. This is a positive change from IG Group’s previous dividend of $9.69.

In other IG Group news, insider Paul Mainwaring sold 29,765 shares of IG Group stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of GBX 889 ($11.62), for a total value 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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