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IG Group Holdings ( (GB:IGG) ) has provided an announcement.
IG Group Holdings plc announced the purchase of 105,350 ordinary shares from Morgan Stanley & Co. International Plc, as part of a previously issued instruction. The shares, acquired at a volume-weighted average price of 1,131.88 pence, will be held in treasury, bringing the total treasury shares to 14,152,710. This move is part of a broader buyback strategy, with IG Group having purchased over a million shares since early September, reflecting a strategic effort to manage share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:IGG) stock is a Buy with a £1282.00 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 Outperform.
IG Group Holdings scores well due to strong technical indicators and a solid valuation, supported by a stable financial position. The main risks are the recent declines in revenue and free cash flow growth, which could impact future financial health. The absence of earnings call data and corporate events does not affect the overall score.
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 platforms for trading in various financial markets, including forex, indices, commodities, and cryptocurrencies.
Average Trading Volume: 1,212,413
Technical Sentiment Signal: Buy
Current Market Cap: £3.96B
For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.