TP ICAP Group (LON:TCAP) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

TP ICAP Group (LON:TCAPGet Free Report) had its price objective increased by research analysts at Canaccord Genuity Group from GBX 326 ($4.33) to GBX 374 ($4.96) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 23.23% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of TP ICAP Group in a research note on Monday, June 2nd.

Read Our Latest Stock Report on TCAP

TP ICAP Group Price Performance

TCAP opened at GBX 303.50 ($4.03) on Thursday. TP ICAP Group has a fifty-two week low of GBX 207.50 ($2.75) and a fifty-two week high of GBX 315 ($4.18). The firm has a market capitalization of £2.29 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 0.49 and a beta of 0.65. The company’s 50 day moving average price is GBX 279.21 and its two-hundred day moving average price is GBX 266.89.

Insider Transactions at TP ICAP Group

In other news, insider Nicolas Breteau sold 362,282 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 261 ($3.46), for a total value of £945,556.02 ($1,255,051.79). Also, insider Philip Price sold 218,818 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of GBX 261 ($3.46), for a total transaction of £571,114.98 ($758,050.15). Insiders sold a total of 795,571 shares of company stock worth $207,644,031 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

About TP ICAP Group

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