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An update from IG Group Holdings ( (GB:IGG) ) is now available.
IG Group Holdings plc has announced a change in its financial year end from 31 May to 31 December, effective immediately. This adjustment aligns the company’s reporting calendar with common market practices, potentially enhancing its operational efficiency and market positioning. The company has outlined a new reporting schedule, including trading updates and final results for transitional and subsequent periods, with no change to its dividend policy.
The most recent analyst rating on (GB:IGG) stock is a Buy with a £13.50 price target. To see the full list of analyst forecasts on IG Group Holdings stock, see the GB:IGG Stock Forecast page.
Spark’s Take on GB:IGG Stock
According to Spark, TipRanks’ AI Analyst, GB:IGG is a Outperform.
The overall stock score of 71 reflects a solid financial foundation and attractive valuation, offset by neutral technical indicators. The company’s strong profitability and stable balance sheet are significant strengths, while the recent decline in revenue and cash flow growth rates are areas of concern. The valuation is favorable, with a low P/E ratio and high dividend yield, enhancing the stock’s appeal.
To see Spark’s full report on GB:IGG stock, click here.
More about IG Group Holdings
IG Group Holdings plc is a UK-based FTSE 250 company that provides online trading platforms and educational resources, offering access to approximately 19,000 financial markets worldwide.
Average Trading Volume: 1,044,924
Technical Sentiment Signal: Buy
Current Market Cap: £3.83B
For a thorough assessment of IGG stock, go to TipRanks’ Stock Analysis page.