UK's IG Group falls as brokerages cut price targets

By Reuters News

** Shares of online trading platform of IG Group Holdings IGG.L down as much as 4% at 950p

** Panmure Liberum cuts target price to 1500p from 2000p after IGG cuts its annual revenue forecast on Friday due to subdued trading volatility

** "Customer growth is intact, but a swing of this size in a single quarter was not something we expected, and it lowers the visibility we attach to the core earnings," Panmure Liberum says

** Panmure Liberum says the key concern is whether OTC revenue retention can recover from roughly 70% in third quarter towards its H2 2025 average of about 80%

** Brokerage firm RBC cuts its price target to 1,650p from 1,850p, and gets "hold" rating from Peel Hunt

** YTD, IGG stock down over 27%



($1 = 0.7563 pounds)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.