Jefferies keeps target at GBp 1,200 for IG Group stock

Published on 10/20/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies kept its Buy rating and GBp 1,200 target on October 19, 2026. IG Group stock costs EUR 11.30 at Lang & Schwarz on October 20, 2026.

Guidance and analyst signals

IG Group expected GBP 240.0 million of third-quarter revenue on October 2, 2026.
Jefferies reaffirmed its Buy rating with a GBp 1,200 target on October 19, 2026.
IG Group stock was trading at EUR 11.30 at 12:38 p.m. CEST at Lang & Schwarz on October 20, 2026.

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IG Group (ISIN GB00B06QFB75) stock was trading at EUR 11.30 at Lang & Schwarz at 12:38 p.m. CEST on October 20, 2026. MarketBeat reported on October 19 that Jefferies reaffirmed its Buy rating and kept a GBp 1,200 price target.

Third-quarter revenue sets the test

IG Group's October 2 trading update put expected third-quarter total revenue at GBP 240.0 million, down 14.00 percent from GBP 280.1 million a year earlier. The company attributed the decline to lower over-the-counter revenue retention, while organic first trades rose more than 25.00 percent and organic active customers increased about 17.00 percent, according to the Financial Times company announcement.

The same update shifted 2026 total revenue growth guidance to a mid-single-digit percentage range. IG Group also expected its 2026 EBITDA margin, excluding specified costs and acquisition-related expenses, to remain in the low-40s percentage range, compared with 47.30 percent in 2025, as reported by the Investegate.

Three dates show the reset

On October 2, 2026, IG Group forecast GBP 240.0 million of third-quarter revenue. On October 8, 2026, it held an Underdog investor seminar, with the business reporting third-quarter net revenue of USD 105.0 million, up 118.00 percent year over year, according to Yahoo Finance. On October 19, 2026, Jefferies maintained its GBp 1,200 target, according to MarketBeat.

What does October 22 test?

The strategy update scheduled for October 22, 2026, will test whether customer growth can offset weaker OTC retention and how IG Group frames the Underdog acquisition. The company announced the event on October 7, 2026, with a two-hour investor session in London and a webcast, according to IG Group.

Analyst target remains above the quote

Jefferies' GBp 1,200 target and Buy rating provide a clear reference point after the October revenue reset. The counter-factor is operational: OTC retention was about 70.00 percent in the third quarter, below the approximately 80.00 percent average cited for the period since the market-making measures began.

Stock price and upcoming date

The next scheduled company event is the October 22, 2026, strategy update. IG Group was trading at EUR 11.30 at Lang & Schwarz on October 20, 2026 at 12:38 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of IG Group stock.