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I hold “Independence Group” (IGO) in my Super Fund & I see that it has gone from $2.95 in November 13, up to $4.31 today 17th February which is an increase of 46.10%.
Do you see further upside in this stock over the next few years, or should I be thinking of getting out of it now?
Your views would be appreciated.
A: I am sorry – I have no particular insight into Independence Group (IGO).
For what it is worth, the small number of brokers who follow it seem to like it. According to FN Arena, sentiment is pretty positive (+0.8 on a scale of -1.0 to +1.0). That said, the consensus target price is below the current market price at $4.03. Macquarie is probably the most bullish, rating it as an “outperform” and with a target price of $4.60.
Sounds like you have done pretty well on the investment so far.
Regards.
