IG Group Holdings (IGG)

Down
Share Price:
1,302.00p
Market Cap:
£4,327.01m
Change Today:
-16.00p
Sector:
Financials

RBC Capital says IG Group oversold on Underdog deal, reiterates 'outperform'

By Michele Maatouk

Date: Friday 14 Aug 2026

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets reiterated its 'outperform' rating on IG Group on Friday as it argued the stock was oversold on news of the acquisition of US prediction markets operator Underdog.
The bank, which maintained its 1,850p price target, noted that IG's value has fallen by more than the deal consideration, with the shares down 22% since the announcement and market cap reduced by around £1.2bn, suggesting there is nothing in the market cap for the Underdog business.

"Whilst the deal increases leverage, pauses buybacks and introduces near-term regulatory uncertainty, we believe several positives have been overlooked: diversification away from market volatility, exposure to high-growth prediction markets and improved long-term listing optionality," RBC said.

"Whilst the range of EPS outcomes has widened in both directions across our forecast period, in our view the market has priced in only the downside. With IGG now trading on 10x we see a clear valuation case and expect the shares to benefit from the broadening in appeal that the deal creates."

At 0945 BST, the shares were up 1.6% at 1,353p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IGG Market Data

Currency UK Pounds
Price 1,302.00p
Change Today -16.00p
52 Week High 1,938.00p
52 Week Low 1,025.00p
Volume 827,829
Shares Issued 332.34m
Market Cap £4,327.01m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector