IG Group Holdings PLC (GB:IGG)
LSE:IGG
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IG Group Holdings
(LSE:IGG)
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Rating:76Outperform
Price Target:
2,028.00 p
▲(33.42% Upside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by strong profitability and healthy returns with generally manageable leverage, offset by material cash-flow volatility. Technicals are supportive due to a strong uptrend, though overbought indicators add near-term risk. Valuation is reasonable with a solid dividend yield but not notably cheap.
Positive Factors
High profitability
Sustained very high gross and net margins indicate durable pricing power and operating leverage in IG Group's electronic trading business. High margins support strong return on equity, provide cash to fund dividends or reinvestment, and create a structural buffer against periods of lower trading activity.
Negative Factors
Volatile cash generation
Large swings in free cash flow reduce visibility on the firm's capacity to fund buybacks, dividends, or growth initiatives. Because cash generation is activity-dependent, abrupt FCF drops can force tougher capital-allocation choices and increase reliance on external financing during weak trading periods.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Sustained very high gross and net margins indicate durable pricing power and operating leverage in IG Group's electronic trading business. High margins support strong return on equity, provide cash to fund dividends or reinvestment, and create a structural buffer against periods of lower trading activity.
Read all positive factors
IG Group Holdings (IGG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.03B
Dividend Yield3.62%
Average Volume (3M)935.23K
Price to Earnings (P/E)21.5
Beta (1Y)0.81
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees2,440
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.04
Shares Outstanding330,941,350
10 Day Avg. Volume577,871
30 Day Avg. Volume935,229
Financial Highlights & Ratios
PEG Ratio-0.78
Price to Book (P/B)2.37
Price to Sales (P/S)3.91
P/FCF Ratio20.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,812.00Price Target Upside19.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.28
Revenue Forecast (FY)£1.25B
IG Group Holdings Business Overview & Revenue Model
Company Description
IG Group Holdings plc operates globally as an online trading platform. The company's primary offerings include over-the-counter (OTC) leveraged derivatives, notably Contracts for Difference (CFDs), which allow investors to profit from asset price ...
How the Company Makes Money
IGG primarily makes money from client trading activity and the provision of trading and investment services via its electronic platforms. A key revenue stream is dealing/trading income earned from leveraged trading (e.g., CFDs and similar OTC deri...
IG Group Holdings Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | May 2025 | May 2024 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08B | 1.16B | 949.10M | 954.50M | 1.04B | 856.00M |
| Gross Profit | 774.70M | 958.29M | 774.70M | 876.20M | 923.10M | 818.90M |
| EBITDA | 507.20M | 729.94M | 600.90M | 443.90M | 528.70M | 479.40M |
| Net Income | 380.40M | 500.74M | 380.40M | 307.70M | 365.00M | 371.90M |
Balance Sheet | ||||||
| Total Assets | 3.06B | 3.28B | 3.06B | 2.94B | 3.00B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 1.07B | 1.13B | 1.07B | 1.09B | 1.03B | 808.60M |
| Total Debt | 567.70M | 597.60M | 567.70M | 321.90M | 318.30M | 121.90M |
| Total Liabilities | 1.22B | 1.37B | 1.22B | 1.05B | 980.60M | 594.80M |
| Stockholders Equity | 1.84B | 1.92B | 1.84B | 1.89B | 2.01B | 1.13B |
Cash Flow | ||||||
| Free Cash Flow | 512.00M | 225.50M | 486.00M | 379.50M | 166.80M | 471.00M |
| Operating Cash Flow | 517.30M | 229.00M | 491.80M | 397.00M | 193.00M | 487.00M |
| Investing Cash Flow | -171.20M | -26.60M | -103.80M | 194.40M | -254.80M | -134.20M |
| Financing Cash Flow | -174.80M | -237.60M | -198.40M | -466.30M | -388.70M | -167.00M |
IG Group Holdings Technical Analysis
Neutral
1520.00
Price Trends
1707.27
Positive
1533.14
Positive
1341.51
Positive
Market Momentum
44.93
Positive
50.00
Neutral
7.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IGG, the sentiment is Neutral. The current price of 1520 is below the 20-day moving average (MA) of 1875.40, below the 50-day MA of 1707.27, and above the 200-day MA of 1341.51, indicating a neutral trend. The MACD of 44.93 indicates Positive momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 7.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:IGG.
IG Group Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | £3.25B | 15.72 | 47.78% | 4.70% | 0.05% | 6.54% | |
76 Outperform | £6.03B | 21.48 | 26.63% | 3.62% | ― | ― | |
73 Outperform | £1.25B | 16.57 | 16.86% | 4.65% | 16.10% | 21.35% | |
69 Neutral | £2.42B | 13.60 | 9.39% | 6.35% | 4.73% | 15.14% | |
68 Neutral | £11.03B | 7.92 | 13.48% | 6.78% | -3.55% | 5.64% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | £664.55M | -12.71 | -9.28% | ― | -18.61% | 48.41% |
* Financial Sector Average
GB:IGG
IG Group Holdings
1,826.00
812.54
80.17%
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444.80
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20.35%
GB:CMCX
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447.50
208.57
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GB:INVP
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GB:PLUS
Plus500
4,684.00
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GB:TCAP
TP ICap
340.00
83.32
32.46%
IG Group Holdings Corporate Events
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock With Ongoing Share Buybacks
Positive
May 26, 2026
IG Group Holdings has continued its share buyback activity, disclosing that it repurchased 31,738 ordinary shares between 18 and 22 May 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,562.83 pence per share, wit...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
IG Group Wins Shareholder Backing for All AGM Resolutions
Positive
May 19, 2026
IG Group Holdings reported that shareholders approved all resolutions at its latest annual general meeting, including the adoption of the annual report, the directors’ remuneration report and a final dividend, with around three-quarters of t...
Business Operations and StrategyStock BuybackFinancial Disclosures
IG Group lifts 2026 outlook as expanding stock and crypto platforms fuel growth
Positive
May 19, 2026
IG Group reported a strong first quarter, with organic total revenue rising 19% year-on-year to £331.2 million and net trading revenue up 25%, driven by elevated commodity volatility, expanded products and heavier marketing. Active customers ...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Ongoing Share Buyback
Positive
May 18, 2026
IG Group Holdings has continued its share buyback programme, purchasing 162,537 ordinary shares between 11 and 15 May 2026 from Morgan Stanley Co. International at volume-weighted average prices ranging from about 1,514p to 1,535p per share. The ...
Business Operations and StrategyStock Buyback
IG Group expands treasury stock with latest share buybacks
Positive
May 11, 2026
IG Group Holdings has continued its share buyback activity, repurchasing 128,833 ordinary shares between 5 May and 8 May 2026 from Morgan Stanley Co. International at volume-weighted average prices around 1,530–1,540 pence. The company plan...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Latest Share Buybacks
Positive
May 5, 2026
IG Group Holdings has continued its ongoing share buyback programme, purchasing a total of 163,414 ordinary shares between 27 April and 1 May 2026 from Morgan Stanley Co. International. The trades were executed at volume-weighted average prices r...
Regulatory Filings and Compliance
IG Group Updates Total Voting Rights and Share Capital Figures
Neutral
May 1, 2026
IG Group Holdings has reported that its issued share capital as of 30 April 2026 comprised 361,557,868 ordinary shares, of which 29,990,327 are held in treasury, leaving 331,567,541 ordinary shares carrying voting rights. This updated total voting...
Executive/Board Changes
IG Group ties fresh executive share awards to long-term revenue and EPS targets
Neutral
Apr 30, 2026
IG Group Holdings has granted new long-term incentive and deferred share awards to its chief executive and chief financial officer under its 2023 Long Term Incentive Plan and Annual Bonus Plan. The awards, structured as nominal-cost options over o...
Business Operations and StrategyStock Buyback
IG Group Adds to Treasury Stock with Further Share Buybacks
Positive
Apr 27, 2026
IG Group Holdings has continued its share buyback activity, purchasing 162,551 ordinary shares between 20 and 24 April 2026 through Morgan Stanley Co. International at volume-weighted average prices ranging from 1,509.04p to 1,536.53p. The compan...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock With Further April Share Buybacks
Positive
Apr 20, 2026
IG Group Holdings has continued its share buyback activity, purchasing 163,802 ordinary shares between 13 and 17 April 2026 through Morgan Stanley Co. International at prices ranging from 1,484.50p to 1,529.50p per share. The company intends to h...
Business Operations and StrategyStock Buyback
IG Group adds to treasury stock with latest £3m share buyback
Positive
Apr 13, 2026
IG Group Holdings has continued its share buyback activity, purchasing a total of 137,190 ordinary shares between 7 and 10 April 2026 from Morgan Stanley Co. International, at volume-weighted average prices ranging from about 1,443p to 1,471p per...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
IG Group Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Apr 8, 2026
IG Group Holdings has published its Annual Report and Accounts for the seven months ended 31 December 2025, along with the notice and proxy form for its 2026 Annual General Meeting. The AGM is scheduled for 19 May 2026 in London, and the documents...
Business Operations and StrategyStock Buyback
IG Group Adds to Treasury Stock With £1m Share Buyback
Positive
Apr 7, 2026
IG Group Holdings has disclosed that it repurchased a total of 68,833 ordinary shares between 1 and 2 April 2026, at a total cost of about £992,049, with prices ranging around 1,432p to 1,451p per share. The company plans to hold these shares...
Regulatory Filings and Compliance
IG Group Updates Total Voting Rights and Share Capital Figures
Neutral
Apr 1, 2026
IG Group Holdings has confirmed that as of 31 March 2026 its issued share capital comprised 361,557,868 ordinary shares, of which 29,327,379 are held in treasury, leaving 332,230,489 shares carrying voting rights. This updated voting share count p...
Business Operations and StrategyStock Buyback
IG Group Completes £200m Share Buyback Programme With Final Treasury Purchase
Positive
Apr 1, 2026
IG Group Holdings has completed a further share repurchase, buying 129,903 ordinary shares on 31 March 2026 at a volume-weighted average price of 1,435.31 pence and intending to hold them in treasury, bringing its treasury holdings to 29,327,379 s...
Business Operations and StrategyStock Buyback
IG Group launches £125m share buyback to cut share capital
Positive
Apr 1, 2026
IG Group Holdings, the London-listed financial technology group behind the IG, tastytrade, Freetrade and Independent Reserve brands, focuses on providing leveraged trading, stock and investment services, and cryptocurrency trading to a global reta...
Business Operations and StrategyStock Buyback
IG Group Expands Share Buyback With Latest Treasury Purchase
Positive
Mar 31, 2026
IG Group Holdings has continued its share buyback activity, purchasing 131,534 ordinary shares on 30 March 2026 at a volume-weighted average price of 1,417.49 pence per share from Morgan Stanley. The company intends to hold these shares in treasur...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
IG Group Wins FCA Approval for New Board Chair
Positive
Mar 31, 2026
IG Group Holdings has secured regulatory approval from the U.K. Financial Conduct Authority for the appointment of Andrew Barron as its new Board Chair, effective 1 April 2026, when he will also become Chair of the Nomination Committee. The move w...
Business Operations and StrategyStock Buyback
IG Group Expands Share Buyback, Adds to Treasury Holdings
Positive
Mar 30, 2026
IG Group Holdings plc has continued its capital management programme by repurchasing 130,562 ordinary shares on 27 March 2026, at a volume-weighted average price of 1,428.05 pence per share, and intends to hold these shares in treasury. Following ...
Business Operations and StrategyStock Buyback
IG Group Buys Back More Shares, Lifts Treasury Holdings
Positive
Mar 27, 2026
IG Group Holdings has continued its share buyback programme, repurchasing 128,383 ordinary shares on 26 March 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,452.28 pence. The company will hold these shares in t...
Business Operations and StrategyStock Buyback
IG Group Boosts Treasury Stock with Latest £192.5m Share Buyback
Positive
Mar 26, 2026
IG Group Holdings plc has continued its share buyback activity, repurchasing 127,666 ordinary shares on 25 March 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,460.43 pence. The company plans to hold these shar...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Further Share Buyback
Positive
Mar 25, 2026
IG Group Holdings plc has continued its share buyback programme, repurchasing 129,406 ordinary shares on 24 March 2026 at a volume-weighted average price of 1,440.80 pence, with prices ranging between 1,429.00 and 1,451.00 pence. The company inten...
Business Operations and StrategyStock Buyback
IG Group Adds to Treasury Stock as Share Buyback Reaches £188.8m
Positive
Mar 24, 2026
IG Group Holdings has continued its share buyback programme, purchasing 129,686 ordinary shares on 23 March 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,437.69 pence. The company intends to hold these shares ...
Business Operations and StrategyStock Buyback
IG Group Adds to Treasury Holdings as Share Buyback Nears £187m
Positive
Mar 23, 2026
IG Group Holdings has continued its share buyback activity, repurchasing 129,752 ordinary shares on 20 March 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,436.96 pence. The company intends to hold these shares...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Ongoing Share Buyback
Positive
Mar 20, 2026
IG Group Holdings plc has continued its ongoing share buyback programme, purchasing 12,440 ordinary shares on 19 March 2026 at prices between 1,420.00p and 1,423.00p, with a volume-weighted average price of 1,422.66p. The company intends to hold t...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Ongoing Share Buybacks
Positive
Mar 19, 2026
IG Group Holdings has continued its share buyback programme, repurchasing 122,312 ordinary shares on 18 March 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,371.07p. The company intends to hold these shares in ...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
IG Group posts record revenue and launches strategic review to unlock further growth
Positive
Mar 19, 2026
IG Group Holdings reported record results for the 12 months to 31 December 2025, with total revenue up 7% to £1.12bn and net trading revenue up 10%, while EBITDA rose 1% to £531.1m and adjusted EPS increased 5%, underpinned by strong cus...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock Through Ongoing Share Buyback
Positive
Mar 18, 2026
IG Group Holdings has continued its ongoing share buyback, purchasing 122,864 ordinary shares on 17 March 2026 at a volume-weighted average price of 1,364.90p, with the shares to be held in treasury. Following this latest transaction, the company ...
Business Operations and StrategyStock Buyback
IG Group expands share buyback, adds to treasury stock
Positive
Mar 16, 2026
IG Group Holdings has continued its share buyback programme, purchasing 124,431 ordinary shares on 13 March 2026 from Morgan Stanley at prices between 1,332.00p and 1,362.00p, with a volume‑weighted average price of 1,347.72p. The company pl...
Business Operations and StrategyStock Buyback
IG Group Expands Share Buyback, Lifts Treasury Stock Holdings
Positive
Mar 13, 2026
IG Group Holdings has continued its share buyback programme, purchasing 126,052 ordinary shares on 12 March 2026 at a volume-weighted average price of 1,330.39 pence, with the shares to be held in treasury. Following this transaction, the company ...
Business Operations and StrategyStock Buyback
IG Group Expands Share Buyback, Lifts Treasury Stock to 27.7 Million
Positive
Mar 12, 2026
IG Group Holdings has continued its share buyback activity, purchasing 126,310 ordinary shares on 11 March 2026 from Morgan Stanley Co. International. The shares, bought at a volume‑weighted average price of 1,327.67 pence, will be held in ...
Business Operations and StrategyStock Buyback
IG Group Extends Share Buyback, Lifts Treasury Stock to 27.5 Million Shares
Positive
Mar 11, 2026
IG Group Holdings has continued its share buyback programme, repurchasing 123,678 ordinary shares on 10 March 2026 at a volume-weighted average price of 1,355.17 pence per share from Morgan Stanley Co. International. The newly acquired shares wil...
Business Operations and StrategyStock Buyback
IG Group Expands Buyback With Further £173m Treasury Share Purchases
Positive
Mar 10, 2026
IG Group Holdings has continued its ongoing share buyback programme, repurchasing 124,949 ordinary shares on 9 March 2026 from Morgan Stanley Co. International at a volume‑weighted average price of 1,342.08p, with the shares to be held in t...
Business Operations and StrategyStock Buyback
IG Group Expands Share Buyback, Lifts Treasury Holdings to 27.3 Million Shares
Positive
Mar 9, 2026
IG Group Holdings has continued its share buyback programme, purchasing 124,096 ordinary shares on 6 March 2026 from Morgan Stanley at a volume-weighted average price of 1,351.30 pence, to be held in treasury. Following this latest transaction, th...
Business Operations and StrategyStock Buyback
IG Group Continues Treasury Share Buybacks in £169.8m Programme
Positive
Mar 6, 2026
IG Group Holdings has continued its share buyback programme, repurchasing 124,046 ordinary shares on 5 March 2026 at a volume-weighted average price of 1,351.85 pence, with prices ranging between 1,338.00 and 1,360.00 pence. The company intends to...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Ongoing Share Buyback
Positive
Mar 5, 2026
IG Group Holdings has continued its share buyback programme, repurchasing 125,694 ordinary shares on 4 March 2026 from Morgan Stanley Co. International at prices between 1,314.00p and 1,348.00p, with a volume-weighted average of 1,327.30p. The co...
Business Operations and StrategyFinancial Disclosures
IG Group publishes calendarised financials after year-end change
Neutral
Mar 5, 2026
IG Group Holdings has published unaudited historical consolidated income statements on a calendar year basis following its move to a 31 December financial year-end from 31 May. The disclosure covers the 12 months to 31 December 2024 and the six mo...
Business Operations and StrategyFinancial Disclosures
IG Group publishes unaudited calendar-year financials after shifting year-end
Neutral
Mar 5, 2026
IG Group Holdings has published unaudited historical consolidated income statements on a calendar year basis following its shift in financial year-end from 31 May to 31 December. The release covers financial information for the 12 months to 31 Dec...
Business Operations and StrategyStock Buyback
IG Group Expands Share Buyback, Adding 124,883 Shares to Treasury
Positive
Mar 4, 2026
IG Group Holdings plc continued its share buyback programme with the purchase of 124,883 ordinary shares on 3 March 2026, at a volume-weighted average price of 1,342.44 pence per share. The company plans to hold these repurchased shares in treasur...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Stock with Ongoing Share Buybacks
Positive
Mar 3, 2026
IG Group Holdings has continued its share buyback programme, purchasing 127,853 ordinary shares on 2 March 2026 from Morgan Stanley Co. International at a volume-weighted average price of 1,311.26 pence. The company intends to hold these shares i...
Business Operations and StrategyExecutive/Board Changes
IG Group Names Veteran TMT Executive Andrew Barron as New Chair Designate
Positive
Mar 3, 2026
IG Group Holdings has appointed Andrew Barron as Board Chair Designate and Non-Executive Director, with his formal elevation to Chair subject to regulatory approval, succeeding Mike McTighe after more than six years of substantial growth and diver...
Regulatory Filings and Compliance
IG Group Updates Market on Total Voting Rights and Share Capital
Neutral
Mar 2, 2026
IG Group Holdings has disclosed its current share capital and voting rights position, confirming that as of 27 February 2026 it has 361,557,868 issued ordinary shares, of which 26,656,816 are held in treasury. This leaves 334,901,052 ordinary shar...
Business Operations and StrategyStock Buyback
IG Group Expands Treasury Holding With Continued Share Buybacks
Positive
Mar 2, 2026
IG Group Holdings plc has continued its share buyback programme, repurchasing 128,005 ordinary shares on 27 February 2026 at a volume-weighted average price of 1,309.70 pence per share from Morgan Stanley Co. International. The company intends to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.