TP ICAP Group (LON:TCAP) Earns Buy Rating from Shore Capital

TP ICAP Group (LON:TCAPGet Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a note issued to investors on Wednesday, Marketbeat reports.

Separately, Canaccord Genuity Group raised their price target on TP ICAP Group from GBX 326 ($4.38) to GBX 374 ($5.03) and gave the company a “buy” rating in a report on Thursday, July 31st.

Read Our Latest Research Report on TCAP

TP ICAP Group Trading Up 1.4%

LON TCAP opened at GBX 286 ($3.85) on Wednesday. The firm has a market capitalization of £2.15 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The firm’s fifty day moving average price is GBX 282.94 and its two-hundred day moving average price is GBX 267.88. TP ICAP Group has a 1 year low of GBX 217 ($2.92) and a 1 year high of GBX 315 ($4.24).

TP ICAP Group (LON:TCAPGet Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported GBX 17.60 ($0.24) earnings per share (EPS) for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. On average, research analysts anticipate that TP ICAP Group will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group declared that its board has authorized a stock buyback plan on Wednesday, August 6th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at TP ICAP Group

In other news, insider Philip Price sold 218,818 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of GBX 261 ($3.51), for a total transaction of £571,114.98 ($768,040.59). Also, insider Nicolas Breteau sold 362,282 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of GBX 261 ($3.51), for a total value of £945,556.02 ($1,271,592.28). Insiders have sold a total of 795,571 shares of company stock valued at $207,644,031 in the last three months. 0.57% of the stock is currently owned by company insiders.

TP ICAP Group Company Profile

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