Barclays Cuts IG Group (OTCMKTS:IGGHY) Price Target to GBX 980

IG Group (OTCMKTS:IGGHYFree Report) had its price objective trimmed by Barclays from GBX 1,110 ($13.75) to GBX 980 ($12.14) in a research report report published on Friday morning, FlyOnTheWall reports.

IG Group Price Performance

Shares of OTCMKTS:IGGHY opened at $8.48 on Friday. IG Group has a 52-week low of $8.27 and a 52-week high of $9.90. The stock has a 50 day moving average price of $8.81 and a 200-day moving average price of $8.91.

IG Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 26th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.3907 per share. The ex-dividend date is Thursday, September 21st. This is a boost from IG Group’s previous dividend of $0.34. IG Group’s dividend payout ratio (DPR) is 62.58%.

IG Group Company Profile

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IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.

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