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IG Group Holdings ( (GB:IGG) ) has provided an update.
IG Group Holdings plc announced that Wu Gang, a Non-Executive Director, has purchased 5,576 ordinary shares at a price of £10.7091 per share, totaling £59,713.94. This transaction, conducted on the London Stock Exchange, reflects a significant personal investment by a company director, potentially indicating confidence in the company’s future performance and stability.
The most recent analyst rating on (GB:IGG) stock is a Hold with a £1169.00 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 Neutral.
IG Group Holdings scores well on valuation due to its low P/E ratio and high dividend yield, making it attractive for value and income investors. However, technical indicators show bearish trends, and financial performance is mixed with strong profitability but declining revenue and cash flow growth.
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, enabling customers to access approximately 19,000 financial markets globally.
Average Trading Volume: 1,198,238
Technical Sentiment Signal: Buy
Current Market Cap: £3.68B
For an in-depth examination of IGG stock, go to TipRanks’ Overview page.