Is it irrelevant, or will the Upgrade make the IG Group share price more attractive?

• RBC starts coverage at Outperform, with a target of 720p.
• Consensus summary: 6 Buys, 2 Holds, 1 Sell; Average target: 693p (Source: AlphaTerminal).
• Current share price 566p (at time of writing).
• Shares -15.6% from 2019 highs; +2.3% from 2019 lows; -0.5% year-to date
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading IG Group – An Example

Let’s say you think that IG shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of IG using a CFD, at the current price of 566p. To do this, you need £2,000.

For the purpose of this example, let’s assume the IG share price rises to 653p Aug highs (+15.4%). Your profit would be £1540 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. IG shares fall 5% and hit your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.