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Ingena Group stock still an attractive option

Ingena Group stock still an attractive option

Analysts warn stock is likely to face a moderately high level of volatility in share price

Information Technology consultancy firm Ingena Group (ASX: IGG) continues to be an attractive investment prospect, according to analysts ABN AMRO Morgans (AAM).

IGG, which is currently trading at $0.43 a share, is continuing to deliver on its growth strategy, the analysts said.

The company has acquired two companies since listing late last year, and more acquisitions are planned for the future.

This, on top of the world-wide investor interest the company has managed to arouse, has led ABN AMRO to lend a buy recommendation to IGG stock, with a target price of $0.56.

But the analysts warned investors should be aware that the stock is likely to face a moderately high level of volatility in share price.


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