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Numis announced IG Group Holdings PLC (LON:IGG), bumping up its stock price target to 850.00GBX today

Just yesterday IG Group Holdings PLC (LON:IGG) traded 0.69% higher at 874.25GBX. IG Group Holdings PLC’s 50-day moving average is 925.95GBX and its 200-day moving average is 832.24GBX. The last closing price is up 4.68% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 977,418 shares of IG Group Holdings PLC traded, up from an avg. volume of 716,308

In a report released on Monday October 03, 2016 Numis increased the stock price target of IG Group Holdings PLC (LON:IGG) from 794.00GBX to 850.00GBX reporting a possible downside of -0.03%.

Previously on 9/30/2016, Numis reported on IG Group Holdings PLC (LON:IGG) held steady the target price at 794.00GBX. At the time, this indicated a possible downside of -0.08%.

Recent Performance Chart

IG Group Holdings PLC (LON:IGG)

IG Group Holdings PLC has 52 week low of 696.00GBX and a 52 week high of 967.64GBX with a PE ratio of 19.53 and has a market capitalization of 0 GBX.

In addition to Numis reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is 818.00GBX with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On IG Group Holdings PLC (LON:IGG)

IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company's segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland, and derives its revenue from CFDs, binary options and execution only stockbroking. The Rest of World segment consists of its operations in Japan, South Africa, Singapore, the United States, the United Arab Emirates and Dubai, and derives revenue from the operation of a regulated futures and options exchange, as well as CFDs and binary options.

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