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

TP ICAP Group PLC (LON:TCAP - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 302 ($4.06) and last traded at GBX 299 ($4.02), with a volume of 1192925 shares trading hands. The stock had previously closed at GBX 300 ($4.03).

Wall Street Analyst Weigh In

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

TP ICAP Group Stock Up 1.3%

The stock has a market cap of £2.33 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The company's 50-day simple moving average is GBX 270.99 and its 200-day simple moving average is GBX 263.53.

Insiders Place Their Bets

In other TP ICAP Group news, insider Philip Price sold 218,818 shares of TP ICAP Group stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 261 ($3.50), for a total transaction of £571,114.98 ($766,906.11). Also, 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 ($3.50), for a total transaction of £945,556.02 ($1,269,714.01). In the last three months, insiders have sold 795,571 shares of company stock worth $207,644,031. Corporate insiders own 0.57% of the company's stock.

About TP ICAP Group