MARKET TALK: IG Group Turns In Strong Growth - UBS

20th Jul 2010 07:52

0652 GMT [Dow Jones] IG Group (IGG.LN) reports strong fiscal 2010 growth, says UBS, though most of the figures were announced in June so it was already well-flagged. A final dividend of 13.5p beat the bank's expectations, though, and it expects the strong growth to continue in the medium term, particularly in Europe. UBS has a buy rating and 500p price target. Shares closed Monday at 467p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 20, 2010 02:52 ET (06:52 GMT)

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