Tp Icap (TCAP) Earns “Reduce” Rating from Peel Hunt

Tp Icap (LON:TCAP)‘s stock had its “reduce” rating reiterated by stock analysts at Peel Hunt in a report released on Monday. They presently have a GBX 435 ($5.90) price objective on the stock. Peel Hunt’s price target indicates a potential downside of 17.83% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Numis Securities reiterated an “add” rating and issued a GBX 600 ($8.14) price objective on shares of Tp Icap in a report on Thursday, November 30th. Liberum Capital reiterated a “buy” rating and issued a GBX 580 ($7.87) price objective on shares of Tp Icap in a report on Friday, December 8th. Societe Generale reiterated a “hold” rating and issued a GBX 495 ($6.71) price objective on shares of Tp Icap in a report on Monday, November 6th. Macquarie cut shares of Tp Icap to a “neutral” rating and set a GBX 503 ($6.82) price objective for the company. in a report on Monday, October 9th. Finally, Royal Bank of Canada upped their price objective on shares of Tp Icap from GBX 525 ($7.12) to GBX 550 ($7.46) and gave the stock an “outperform” rating in a report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 523.80 ($7.10).

Shares of Tp Icap (LON TCAP) opened at GBX 529.40 ($7.18) on Monday. The stock has a market cap of $2,920.00 and a price-to-earnings ratio of 3,308.75. Tp Icap has a fifty-two week low of GBX 436.20 ($5.92) and a fifty-two week high of GBX 547.50 ($7.42).

In other news, insider Rupert Robson purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of GBX 509 ($6.90) per share, for a total transaction of £50,900 ($69,026.31).

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About Tp Icap

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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