IG Group Enhances Treasury Holdings with Share Buyback

IG Group Holdings ( (GB:IGG) ) has provided an announcement.

IG Group Holdings plc has announced the purchase of 75,953 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a previously announced buyback program. The shares will be held in treasury, bringing the total number of treasury shares to 13,025,260. Since February 2025, IG Group has repurchased over 5 million shares, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:IGG) stock is a Buy with a £10.40 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.

IG Group Holdings is well-positioned in the capital markets industry, supported by strong financial health and strategic corporate actions like share buybacks and capital reduction, which enhance shareholder value. While technical indicators show positive trends, caution is advised due to potential overbought conditions. The attractive valuation further supports the stock’s appeal, making it a compelling option for investors.

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 and products. The company focuses on providing trading solutions for retail and institutional clients, enabling them to trade a wide range of financial markets including forex, indices, commodities, and shares.

Average Trading Volume: 949,180

Technical Sentiment Signal: Buy

Current Market Cap: £3.91B

For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.