IG Group Expands Share Buyback Program with Recent Purchase

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

IG Group Holdings plc announced the purchase of 80,316 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated earlier in the year. The shares will be held in treasury, bringing the total number of treasury shares to 12,209,243. Since February 2025, the company has repurchased a total of 4,197,833 shares at a cost of over £40 million, reflecting its strategic focus on managing share capital and potentially enhancing 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 demonstrates strong financial health, with robust profitability and strategic initiatives like share buybacks and acquisitions contributing positively to its stock score. The stock’s undervaluation and attractive dividend yield enhance its investment appeal. However, recent challenges in revenue growth and liquidity, combined with technical indicators suggesting caution, present potential risks. Overall, IG Group offers a balanced investment opportunity, requiring careful monitoring of market conditions and financial metrics.

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 and investment services. The company focuses on providing a platform for trading financial derivatives, including contracts for difference (CFDs) and spread betting, catering to both retail and institutional clients globally.

Average Trading Volume: 929,159

Technical Sentiment Signal: Buy

Current Market Cap: £3.74B

Learn more about IGG stock on TipRanks’ Stock Analysis page.