Rating Report: London: IG Group Holdings PLC (LON:IGG)’s Stock Had Its Hold Rating Restated at Numis in Report Issued Today. Has GBX 850.00 Target

November 30, 2016 - By Ruchi Gupta

IG Group Holdings PLC (LON:IGG) Rating

In an analyst report issued to investors and clients on today, Numis kept their Hold rating on IG Group Holdings PLC (LON:IGG)‘s stock. The target price indicates a potential upside of 0.41% from company’s current price.

IG Group Holdings plc (LON:IGG) Ratings Coverage

Out of 7 analysts covering IG Group Holdings (LON:IGG), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. GBX 986 is the highest target while GBX 670 is the lowest. The GBX 881.83 average target is 4.30% above today’s (GBX 845.5) stock price. IG Group Holdings has been the topic of 48 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and GBX 780 target price in Friday, August 7 report. The firm has “Overweight” rating given on Thursday, October 8 by Barclays Capital. Citigroup maintained the stock with “Buy” rating in Friday, August 7 report. The rating was maintained by Numis Securities on Monday, September 21 with “Hold”. The firm has “Overweight” rating given on Wednesday, September 23 by Barclays Capital. The rating was maintained by Shore Capital with “Sell” on Tuesday, January 19. The stock has “Hold” rating given by Liberum Capital on Tuesday, March 22. The stock of IG Group Holdings plc (LON:IGG) earned “Sell” rating by Shore Capital on Thursday, October 29. Numis Securities maintained it with “Hold” rating and GBX 735 target price in Monday, November 30 report. The rating was maintained by Liberum Capital with “Hold” on Tuesday, September 22.

About 750,796 shares traded hands or 8.62% up from the average. IG Group Holdings plc (LON:IGG) has risen 7.63% since May 2, 2016 and is uptrending. It has outperformed by 2.41% the S&P500.

IG Group Holdings plc is a United Kingdom company, which is engaged in online trading. The company has a market cap of 3.10 billion GBP. The Firm provides contracts for difference in over 17 countries globally. It has a 18.97 P/E ratio. The Company’s divisions include UK, Australia, Europe and Rest of World.

IGG Company Profile

Internet Gold – Golden Lines Ltd., incorporated on April 29, 1992, is a communications company. The Firm owns 66.71% of the shares of B Communications, which is its subsidiary. B Communications is the controlling shareholder of Bezeq, a telecommunications provider. The Company’s principal asset is its controlling interest in Bezeq. The Company’s business divisions include Bezeq – The Israel Telecommunication Corp. Ltd., which his engaged in fixed line domestic communications; Pelephone Communications Ltd., which is engaged in cellular communications; Bezeq International Ltd., which is engaged in international communications, Internet services and network end point, and DBS Satellite Services (1998) Ltd., which includes multichannel television.

More news for IG Group Holdings plc (LON:IGG) were recently published by: Fool.Co.Uk, which released: “3 referendum winners: CMC Markets plc, IG group holdings plc and Plus500 ltd” on June 23, 2016. Fool.Co.Uk‘s article titled: “Battle Of The Traders: London Stock Exchange Group Plc, IG Group Holdings plc …” and published on December 17, 2015 is yet another important article.

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