IG Group Expands Treasury Holdings with Latest Share Buyback

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

IG Group Holdings plc announced the purchase of 85,129 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a previously issued instruction. The shares will be held in treasury, bringing the total number of treasury shares to 12,644,436. This move is part of a broader strategy since February 2025, where IG Group has acquired over 4.6 million shares, indicating a strategic focus on consolidating its share capital, potentially impacting shareholder value and market perception.

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 with strong financial health, attractive valuation, and strategic corporate actions such as share buybacks and acquisitions. The technical indicators suggest a strong upward trend, though caution is advised due to overbought conditions. The company’s focus on enhancing shareholder value and its solid fundamentals warrant a positive outlook.

To see Spark’s full report on GB:IGG stock, click here.

More about IG Group Holdings

IG Group Holdings plc is a prominent player in the financial services industry, specializing in online trading and investment services. The company offers a range of products including spread betting, contracts for difference (CFDs), and foreign exchange trading, catering primarily to retail and institutional investors globally.

Average Trading Volume: 946,769

Technical Sentiment Signal: Buy

Current Market Cap: £3.91B

See more data about IGG stock on TipRanks’ Stock Analysis page.