IG Group's shares fell 22% after it lowered its 2026 revenue and EBITDA guidance, but UBS views this sell-off as an overreaction. UBS cut earnings forecasts by 13% through 2028 and lowered the price target but kept a 'buy' rating, citing the decline as a likely one-off setback due to short-term volatility from recent market-making changes. UBS expects earnings growth to resume in 2027, supported by new UK trading offerings and the integration of the Underdog acquisition, which could boost earnings by 15% by 2030. Key upcoming events include an investor seminar on October 8 and a strategy presentation on October 22.
IG Group's recent sell-off is presented here with Pluang's Financials sector data for context. As of Oct 06, 2026 21:12 WIB, 75 out of 85 Financials stocks on Pluang rose while 10 fell. Notable movers include BBVA at USD 27.34 with a 1.50% increase and Morgan Stanley at USD 192.95 with a 1.45% rise, alongside Ally Financial at USD 38.18 up 1.46%.
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