TP ICAP Group (LON:TCAP) Trading Down 5.1% – Should You Sell?

TP ICAP Group PLC (LON:TCAPGet Free Report) shares fell 5.1% during mid-day trading on Thursday . The company traded as low as GBX 313.40 and last traded at GBX 327.60. Approximately 96,717,930 shares were traded during mid-day trading, an increase of 1,472% from the average daily volume of 6,150,938 shares. The stock had previously closed at GBX 345.20.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 415 target price on shares of TP ICAP Group in a report on Friday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 362.33.

View Our Latest Research Report on TP ICAP Group

TP ICAP Group Trading Up 2.2%

The stock’s fifty day simple moving average is GBX 340.33 and its two-hundred day simple moving average is GBX 301.41. The firm has a market cap of £2.36 billion, a PE ratio of 13.42, a PEG ratio of 0.49 and a beta of 0.36. The company has a quick ratio of 0.97, a current ratio of 30.33 and a debt-to-equity ratio of 49.55.

TP ICAP Group (LON:TCAPGet Free Report) last released its 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 7.69% and a return on equity of 9.39%. On average, sell-side analysts forecast that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.

About TP ICAP Group

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