Finweek English Edition - - INVESTMENT -

BUY In­vestec Se­cu­ri­ties have is­sued a new re­search note on t he UK-l i sted f i nan­cial ser vices group IG with a price tar­get of 700p/ share. An­a­lyst James Hollins ad­vised: “We a re ad­just­ing our forecasts to ref lect an im­pres­sive H2 per­for­mance. Our FY14E es­ti­mates only t ic k up marginally as we ex­pect higher in­vest­ment in prod­uct and mar­ket­ing ini­tia­tives. Our new 700p PT and 4% yield i mply at­trac­tive share­holder ret urns which we think could be sup­ple­mented by a spe­cial div­i­dend i n t he next 12-24 months – IG re­mains a con­vic­tion ‘ Buy’.”

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