Canaccord Genuity Group Increases TP ICAP Group (LON:TCAP) Price Target to GBX 374

Key Points

• Canaccord Genuity Group has increased TP ICAP Group's target price from GBX 326 to GBX 374, indicating a potential upside of 21.43% based on the stock's previous close.
• Shares of TP ICAP Group rose by 1.5% during trading, reaching GBX 308 with a trading volume of over 1.4 million shares.
• Insiders at TP ICAP have sold 795,571 shares valued at approximately $207.6 million in the last three months, highlighting significant insider selling activity.

TP ICAP Group (LON:TCAP - Free Report) had its target price increased by Canaccord Genuity Group from GBX 326 ($4.33) to GBX 374 ($4.96) in a research report sent to investors on Thursday, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a "buy" rating on shares of TP ICAP Group in a research report on Monday, June 2nd.

TP ICAP Group Trading Down 1.0%

TCAP stock traded down GBX 3 ($0.04) during trading on Thursday, hitting GBX 303.50 ($4.03). The company had a trading volume of 452,741 shares, compared to its average volume of 3,076,670. The business has a 50 day moving average of GBX 280.11 and a 200 day moving average of GBX 267.20. The firm has a market capitalization of £2.29 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 0.49 and a beta of 0.65. 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).

Insider Buying and Selling

In other TP ICAP Group news, insider Nicolas Breteau sold 362,282 shares of TP ICAP Group stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 261 ($3.46), for a total transaction of £945,556.02 ($1,255,051.79). Also, insider Robin Stewart sold 214,471 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 261 ($3.46), for a total transaction of £559,769.31 ($742,990.85). Insiders have sold a total of 795,571 shares of company stock valued at $207,644,031 over the last three months. 0.57% of the stock is owned by corporate insiders.

About TP ICAP Group