IG Group Expands Share Buyback Program

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

IG Group Holdings plc has announced the purchase of 83,247 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 shares held in treasury to 12,872,083, with 348,685,785 shares remaining in issue. Since February 2025, the company has repurchased 4,860,673 shares at a cost of £47,412,423.69, indicating 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 has a strong overall stock score driven by its robust financial health, attractive valuation, and strategic corporate actions like share buybacks and acquisitions. Despite technical indicators showing potential short-term overbought conditions, the company’s solid fundamentals and strategic initiatives provide a positive outlook.

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 retail and institutional clients with access to financial markets, including forex, indices, commodities, and cryptocurrencies.

Average Trading Volume: 954,168

Technical Sentiment Signal: Buy

Current Market Cap: £3.9B

Find detailed analytics on IGG stock on TipRanks’ Stock Analysis page.