IG Group shares extend losses as Panmure cuts target price but keeps 'buy'

Impact · against what's priced in

IG Group faces downward pressure as a significant drop in OTC revenue retention leads to a sharp reduction in 2026 earnings estimates. While customer acquisition remains strong, the inability to monetize this growth via retention creates fundamental unpredictability in core earnings.

IGG−0.50

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In context

A 1,000bps drop in OTC revenue retention (to 70% from 80%) has led Panmure Liberum to cut 2026 adjusted EPS by 14.9% to 115.4p and reduce the price target to 1,500p.

Read from the article alone

• earnings
• IGG
• broker rating
• financial services
• price target
• profit warning
• revenue
• trading platforms

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