TP ICAP Group (LON:TCAP) Stock Falls 1.4% – Here’s What Happened

TP ICAP Group PLC (LON:TCAP)’s stock price was down 1.4% during mid-day trading on Friday. The stock traded as low as GBX 316.60 and last traded at GBX 320.20. Approximately 827,820 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 5,239,230 shares. The stock had previously closed at GBX 324.80.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 415 price objective on shares of TP ICAP Group in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, TP ICAP Group currently has an average rating of “Buy” and an average target price of GBX 362.33.

TP ICAP Group Trading Down 1.4%

The business’s 50-day moving average price is GBX 327.20 and its two-hundred day moving average price is GBX 308.05. The company has a market capitalization of £2.28 billion, a P/E ratio of 12.71, a PEG ratio of 0.49 and a beta of 0.34. The company has a debt-to-equity ratio of 57.54, a current ratio of 28.35 and a quick ratio of 0.97.

TP ICAP Group (LON:TCAP) last announced its quarterly earnings results on Friday, August 7th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 7.57% and a return on equity of 9.51%. As a group, analysts forecast that TP ICAP Group PLC will post 31.03 EPS for the current fiscal year.

TP ICAP Group Company Profile