TP ICAP Group (LON:TCAP) Hits New 52-Week Low - Time to Sell?

Key Points

• TP ICAP Group hit an intraday 52-week low of GBX 214 but was last quoted at GBX 316.20 on volume of 5,493,998 shares, after previously closing at GBX 312.40.
• The stock has a market cap of £2.31 billion and trades at a P/E of 12.98; analysts expect about GBX 31.03 EPS for the current year and the company reported GBX 33.50 EPS last quarter (ROE 9.39%, net margin 7.69%).
• The board authorized a share buyback program (the announcement listed zero shares), a signal management often uses to indicate they view the stock as undervalued.

TP ICAP Group PLC (LON:TCAP - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as GBX 214 and last traded at GBX 316.20, with a volume of 5493998 shares. The stock had previously closed at GBX 312.40.

TP ICAP Group Stock Down 0.7%

The firm has a 50 day simple moving average of GBX 276.74 and a two-hundred day simple moving average of GBX 262. The company has a quick ratio of 0.97, a current ratio of 30.33 and a debt-to-equity ratio of 49.55. The stock has a market capitalization of £2.31 billion, a P/E ratio of 12.98, a PEG ratio of 0.49 and a beta of 0.28.

TP ICAP Group (LON:TCAP - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported GBX 33.50 earnings per share for the quarter. TP ICAP Group had a return on equity of 9.39% and a net margin of 7.69%. On average, equities research analysts expect that TP ICAP Group PLC will post 31.0273973 earnings per share for the current year.

TP ICAP Group announced that its board has authorized a stock repurchase program on Thursday, March 12th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

About TP ICAP Group

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