IG Group Holdings plc 29.9% potential upside indicated by Canaccord Genuity

IG Group Holdings plc with ticker (LON:IGG) now has a potential upside of 29.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 859 GBX for the company, which when compared to the IG Group Holdings plc share price of 662 GBX at opening today (09/11/2023) indicates a potential upside of 29.9%. Trading has ranged between 601 (52 week low) and 845 (52 week high) with an average of 1,413,232 shares exchanging hands daily. The market capitalisation at the time of writing is £2,601,929,685.

IG Group Holdings plc is a United Kingdom-based global financial technology company. The Company delivers online trading platforms and an educational ecosystem. The Company’s products include OTC leveraged derivatives, exchange-traded derivatives and stock trading and investments. OTC leveraged derivatives include contracts for difference (CFDs), spread betting and options. Its exchange-traded derivatives consist of Spectrum, a multilateral trading facility (MTF). Its exchange-traded derivatives are financial contracts traded on a regulated exchange and trade its products under its tastytrade, and Spectrum Markets. The stock trading and investment offerings give traditional investors a range of non-leveraged products to choose from. The Company offers its clients access to over 19,000 financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.