UK's IG Group falls as brokerages cut price targets
BUZZ-UK's IG Group falls as brokerages cut price targets ** 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)
(Reporting by Jahanvi Kothari in Bengaluru)