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Royal Bank of Canada raised its IG Group price target to 1,275p and kept an outperform rating after robust FY25 results and a \u00a3125m buyback; rival brokers have also boosted targets, pushing consensus to around 1,505p but leaving a wide range of views amid integration and volume risks.<\/p>\n<\/div>\n
Royal Bank of Canada has lifted its price target for IG Group to 1,275p, signalling continued broker confidence in the UK online trading group after the company\u2019s strong recent results. According to MarketBeat\u2019s report of the research note published on 14 August 2025, RBC moved its objective from 1,150p and maintained an \u201coutperform\u201d view, implying roughly an 11% upside from IG\u2019s previous close. The revision follows a wave of upgrades and re\u2011ratings from other investment houses over the summer. <\/p>\n
The broader broker consensus has turned unmistakably positive. Deutsche Bank raised its target to 1,350p on 8 August 2025 and kept a buy rating after pointing to improving momentum across the business; Shore Capital reiterated a 1,200p buy on 24 July 2025; Canaccord upgraded its objective from 782p to 1,099p at the end of May; and Berenberg remains the most bullish with a 2,600p target set in late May. MarketBeat\u2019s aggregation of analyst data puts the consensus target near 1,504.8p and records an overall \u201cBuy\u201d consensus among covering analysts. <\/p>\n
Market moves and technicals have reflected that shift in sentiment. On the day RBC\u2019s note was reported, IG traded up to 1,149p \u2014 a one\u2011year high in the snapshots cited \u2014 on lighter-than\u2011average volume, with the stock\u2019s 50\u2011 and 200\u2011day moving averages sitting around the mid\u20111,000p area. Publicly available price and volume summaries also show a relatively low beta and a valuation that, by some measures, looks undemanding versus peers. <\/p>\n
Investors\u2019 optimism is rooted in a set of strong full\u2011year numbers IG itself disclosed on 24 July 2025. The company\u2019s regulatory news service filing for the year ended 31 May 2025 showed total revenue of \u00a31,075.9m, net trading revenue of \u00a3942.8m and adjusted profit before tax of \u00a3535.8m. Adjusted basic earnings per share were reported at 114.1p (statutory basic EPS 106.3p). The RNS also confirmed a dividend and a proposed \u00a3125m buyback while noting active customer growth helped by the recent Freetrade acquisition \u2014 facts that brokers cite as central to their upgrades. <\/p>\n
Analysts point to a combination of higher trading revenues, margin expansion and cost efficiencies as the operational drivers behind the revisions. Deutsche Bank\u2019s note (reported by the financial press) emphasised improved trading revenues and profit before tax momentum; Canaccord signalled better trading conditions and a more constructive outlook when it raised its objective; and Shore Capital\u2019s reiteration followed the strong headline results in July. At the same time, Berenberg\u2019s markedly higher target stands out as an outlier within the broker community, underscoring that valuation views remain varied. <\/p>\n
That positive picture comes with caveats. IG\u2019s listed multiples \u2014 a relatively low trailing P\/E and a negative PEG quoted in broker summaries \u2014 can look attractive only so long as volumes and volatility persist in clients\u2019 favour. The group\u2019s balance sheet metrics and a reported debt\u2011to\u2011equity reading in recent summaries should be read alongside integration risks stemming from the Freetrade deal and any regulatory or market structure changes that could affect retail trading volumes. Investors should also note that some of the coverage summarising broker views is delivered via financial alert services, which aggregate research across houses and may differ in emphasis from full published reports. <\/p>\n
For now, the market appears to be rewarding IG\u2019s results and corporate actions: a mix of buybacks, dividend distribution and an enlarged customer base has persuaded several brokers to lift targets and maintain buy ratings. Yet the range of targets \u2014 from around 1,099p up to 2,600p \u2014 serves as a reminder that while consensus is positive, judgement about upside and risk varies materially across analysts. Prospective investors will want to weigh the company\u2019s published FY25 results, broker rationale and their own views on trading volumes and regulatory risk before positioning. <\/p>\n