Peel Hunt reaffirmed their buy rating on shares of Tp Icap (LON:TCAP) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other analysts have also issued reports on the stock. Numis Securities lowered shares of Tp Icap to an add rating and dropped their price target for the stock from GBX 340 ($4.44) to GBX 320 ($4.18) in a research note on Wednesday, May 15th. Shore Capital restated a hold rating on shares of Tp Icap in a research note on Tuesday, August 6th.
LON TCAP opened at GBX 289.10 ($3.78) on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.09 and a debt-to-equity ratio of 84.81. The company’s fifty day simple moving average is GBX 303.80 and its 200-day simple moving average is GBX 295.54. The stock has a market cap of $1.63 billion and a P/E ratio of 50.72. Tp Icap has a 52 week low of GBX 265.40 ($3.47) and a 52 week high of GBX 327.40 ($4.28).
In related news, insider David Shalders purchased 14,801 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of GBX 269 ($3.51) per share, for a total transaction of £39,814.69 ($52,024.94).
Tp Icap Company Profile
TP ICAP plc, through its portfolio of businesses, provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. It operates in four divisions: Global Broking, Energy & Commodities, Institutional Services, and Data & Analytics. The Global Broking division offers professional intermediary services that enable buyers and sellers to execute trades covering rates, foreign exchange and money markets, local markets, equities, and credit asset classes.
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