Numis Securities Ltd reiterated their add rating on shares of Tp Icap Plc (LON:TCAP) in a report published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 540 ($7.03) target price on the stock.
A number of other brokerages have also weighed in on TCAP. Shore Capital reissued a sell rating on shares of Tp Icap Plc in a report on Tuesday. Peel Hunt lowered shares of Tp Icap Plc to a reduce rating and set a GBX 435 ($5.66) price objective on the stock. in a report on Tuesday. Liberum Capital reissued a buy rating and set a GBX 580 ($7.55) price objective on shares of Tp Icap Plc in a report on Tuesday. Royal Bank Of Canada began coverage on shares of Tp Icap Plc in a report on Wednesday, May 31st. They set an outperform rating and a GBX 525 ($6.84) price objective on the stock. Finally, Citigroup Inc. boosted their price objective on shares of Tp Icap Plc from GBX 435 ($5.66) to GBX 485 ($6.32) and gave the company a neutral rating in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 505.75 ($6.59).
Tp Icap Plc (TCAP) opened at 467.80 on Tuesday. The company’s market capitalization is GBX 2.59 billion. The stock’s 50 day moving average price is GBX 479.96 and its 200 day moving average price is GBX 470.65. Tp Icap Plc has a 12-month low of GBX 329.60 and a 12-month high of GBX 501.50.
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The firm also recently declared a dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, October 12th will be issued a GBX 5.60 ($0.07) dividend. This represents a yield of 1.13%. The ex-dividend date is Thursday, October 12th.
In other Tp Icap Plc news, insider David Shalders purchased 4,202 shares of the stock in a transaction on Friday, May 19th. The shares were bought at an average cost of GBX 473 ($6.16) per share, with a total value of £19,875.46 ($25,882.88).
About Tp Icap Plc
TP ICAP plc, formerly Tullett Prebon plc, is a United Kingdom-based interdealer broker. The Company acts as an intermediary in the wholesale over-the-counter and exchange traded financial and commodity markets, facilitating the trading activities of its clients, in particular commercial and investment banks.
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