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

Key Points

• TP ICAP Group shares hit a new 52-week high at GBX 315.60 on Tuesday with about 1,097,577 shares traded, and the stock sits above its 50‑day (GBX 275.56) and 200‑day (GBX 261.63) moving averages, with a market cap of £2.33 billion.
• The stock appears attractively valued on reported metrics—P/E of 13.07, PEG of 0.49 and beta 0.28—and the company posted GBX 33.50 EPS for the quarter (ROE 9.39%, net margin 7.69%), while analysts forecast roughly GBX 31.03 EPS for the year.
• TP ICAP's board announced a share repurchase program to buy shares through open‑market purchases (the filing oddly references "0 outstanding shares" in the authorization), typically a sign management views the stock as undervalued.

TP ICAP Group PLC (LON:TCAP - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 315.60 and last traded at GBX 315.60, with a volume of 1097577 shares trading hands. The stock had previously closed at GBX 312.40.

TP ICAP Group Stock Performance

The company has a debt-to-equity ratio of 49.55, a current ratio of 30.33 and a quick ratio of 0.97. The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.49 and a beta of 0.28. The stock has a 50 day simple moving average of GBX 275.56 and a two-hundred day simple moving average of GBX 261.63.

TP ICAP Group (LON:TCAP - Get Free Report) last posted its quarterly 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%. As a group, analysts anticipate 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 share repurchase program on Thursday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

TP ICAP Group Company Profile

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