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TP ICAP Group (LON:TCAP) Sets New 52-Week High - Time to Buy?

TP ICAP Group logo with Financial Services background

Shares of TP ICAP Group PLC (LON:TCAP - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 315 ($4.23) and last traded at GBX 311.98 ($4.19), with a volume of 5613297 shares. The stock had previously closed at GBX 309 ($4.15).

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on TCAP

TP ICAP Group Stock Down 1.9%

The company has a 50-day moving average of GBX 276.26 and a 200 day moving average of GBX 265.75. The stock has a market capitalization of £2.28 billion, a PE ratio of 23.49, a PEG ratio of 0.49 and a beta of 0.65.

Insiders Place Their Bets

In other news, insider Robin Stewart sold 214,471 shares of the 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 £559,769.31 ($752,175.91). Also, insider Philip Price sold 218,818 shares of the 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 ($767,421.37). Insiders have sold 795,571 shares of company stock valued at $207,644,031 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

About TP ICAP Group

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