IG Group Holdings ( (GB:IGG) ) has provided an update.
IG Group Holdings plc announced the purchase of 2,000 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated in January 2025. The shares were bought at an average price of 1,037.19 pence and will be held in treasury, bringing the total number of treasury shares to 12,102,927. Since February 2025, IG Group has acquired over 4 million shares at a cost of approximately £38.9 million, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:IGG Stock
According to Spark, TipRanks’ AI Analyst, GB:IGG is a Outperform.
IG Group Holdings shows strong financial performance with robust profitability and cash flow generation, supported by a healthy balance sheet. Despite some technical caution due to overbought indicators, the stock’s undervaluation and strategic corporate initiatives, such as share buybacks and acquisitions, enhance its attractiveness. However, recent challenges in revenue growth and liquidity need monitoring.
To see Spark’s full report on GB:IGG stock, click here.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading services for financial derivatives, including contracts for difference (CFDs) and spread betting. The company focuses on providing a platform for retail and institutional clients to trade a wide range of financial markets.
YTD Price Performance: 5.52%
Average Trading Volume: 1,004,287
Technical Sentiment Signal: Sell
Current Market Cap: £3.6B
For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.