TP ICAP Group (LON:TCAP – Get Free Report) announced that its board has approved a share repurchase program on Thursday, March 12th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
TP ICAP Group Trading Up 9.4%
Shares of LON:TCAP opened at GBX 268.50 on Friday. The company has a 50 day moving average of GBX 255.25 and a 200-day moving average of GBX 259.30. The company has a current ratio of 1.21, a quick ratio of 0.97 and a debt-to-equity ratio of 50.90. The firm has a market cap of £2.00 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.49 and a beta of 0.39. TP ICAP Group has a twelve month low of GBX 217 and a twelve month high of GBX 315.
TP ICAP Group (LON:TCAP – Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported GBX 33.50 EPS for the quarter. TP ICAP Group had a net margin of 7.72% and a return on equity of 8.75%. As a group, analysts anticipate that TP ICAP Group will post 31.0273973 earnings per share for the current fiscal year.
About TP ICAP Group
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