TP ICAP Group (LON:TCAP) Shares Break Below Two Hundred Day Moving Average – Should You Sell?

TP ICAP Group PLC (LON:TCAP – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 309.97 and traded as low as GBX 307.80. TP ICAP Group shares last traded at GBX 309.30, with a volume of 1,674,535 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 415 target price on shares of TP ICAP Group in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 415.

Read Our Latest Stock Report on TP ICAP Group

TP ICAP Group Trading Down 0.0%

The company has a 50 day moving average of GBX 325.22 and a 200 day moving average of GBX 309.97. The company has a current ratio of 28.35, a quick ratio of 0.97 and a debt-to-equity ratio of 57.54. The firm has a market cap of £2.21 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.49 and a beta of 0.34.

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

About TP ICAP Group

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